Bitcoin broke $10,000 and it did it more heavily than anyone expected, reaching levels above $11,000. Being precise, it reached $11,280, a price unseen since March 2018.
And now? The BTC price is performing a symmetrical triangle. A pattern that normally, once it almost finished the triangle, the price makes a very sharp movement upwards or downwards.
What is the most likely direction? It is difficult to determine, however, there is a very important resistance at $11,500 and important levels like this one usually act as magnets for the price. It means that very possibly, the price will move upwards and then make a retracement.
--CRYPTOHOPPER--
And now? The BTC price is performing a symmetrical triangle. A pattern that normally, once it almost finished the triangle, the price makes a very sharp movement upwards or downwards.
What is the most likely direction? It is difficult to determine, however, there is a very important resistance at $11,500 and important levels like this one usually act as magnets for the price. It means that very possibly, the price will move upwards and then make a retracement.
--CRYPTOHOPPER--