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.


Master Asked on September 15, 2020 in Bitcoin.
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