Bitcoin reversal at 11400 Mid-Channel Line
After bouncing at 11000, it would be very bullish to quickly pass the mid-channel resistance at roughly 11400. I am expecting either a double bottom around 11050-11000. If Bitcoin passes 11400 with ease, the next major resistance is at the top of the channel at nearly 11650. Both are possible reversal areas but I think to get past 11400 we will need to double bottom first. If 11050 breaks I expect to see a dump down to 10750-10800 to find new support at the bottom of the channel. If that breaks, we will likely retest our previous all highs for support at 11575-11500.
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