Bitcoin was in consolidation at resistance for the previous week. When markets consolidate at resistance it indicates to me that there aren't enough sellers to push the price down. The market has finally broken resistance and daily signals are looking bullish. The next major resistance zone is at $11500.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.