Over the past few hours Bitcoin had a nice bounce breaking up out the “tunnel” at resistance level of $11,000. As of now, the short-term looks positive towards the $11,800-12,000 resistance level. Breaking this level can also send us to higher levels and indicate on an end to the bear market we are currently at. Support lies at $10,800 and around $10,000-10,200 levels.
BTC 1 DAY Chart overview
Explanation to the below graph can be found in our recent overview.