RE: Bitcoin On the Move – $11K Still Crucial Breakout Resistance
Bitcoin is nearing $11K this morning, prce is right under $10900 atm
Bitcoin Jumps 5%, But $11,000 Is Still A Crucial Breakout Resistance
- Bitcoin is rising and it broke the $10,500 and $10,700 resistance levels.
- It is now trading well above the $10,580 pivot level and the 100 hourly simple moving average.
- There was a break above a key contracting triangle with resistance near $10,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair is still facing a crucial breakout resistance near $10,800 and $11,000.