Bitcoin (BTC/USD) rose to the highest level of its in over 2 weeks from $11,800 on Saturday but didn’t protect the bullish momentum of its – Bitcoin Price Today: BTC/USD misses the $11k jump.
As time of publishing, the pair was done one % on day basis during $10.861.
A rough resistance appears to have created during $11,200 (Fibonacci 38.2 % retracement of July 21 August eighteen uptrend). When Bitcoin manages to get above that amount and create day closing there, it might focus on $11,700 (Fibonacci 23.6 % retracement) forward $12,000 (psychological degree).
Meanwhile, the Relative Strength Index (RSI) on the day chart retreated to fifty region, hinting that customers are actually having difficulties to take command of this price motion.
On the drawback, the downward modification might expand to $10,800 (Fibonacci fifty % retracement). Below that amount, $10,400 (100 day SMA/Fibonacci 61.8 % retracement) is actually the final line of defense in front of $10,000 (psychological degree).
Bitcoin Price Today: BTC/USD misses the $11k jump