Bitcoin closed with modest gains below $12,000 on Saturday. BTC/USD remains on track to end week in positive territory. $12,325 aligns as the next target on the upside. Bitcoin (BTC/USD) tested $12,000 on Saturday but failed to gather enough momentum to break above that critical level and closed with a daily gain of 0.7% at $11,688. With the trading action remain subdued on Sunday, BTC/USD stays unchanged on a daily basis. Nevertheless, the pair remains on track to close the fourth straight week in the positive territory. Bitcoin technical outlook Saturday’s movements left BTC/USD near-term outlook unchanged. The Relative Strength Index (RSI) on the daily chart continues to hover a little below the overbought threshold. Additionally, price continues to fluctuate between the 12-month-high it set $12,135 in early August and the Fibonacci 23.6% retracement of the latest upsurge. If the pair manages to renew its highest level since August of 2019 above $12,135, it could target $12,325 (August 6, 2019, high) could and $13,195 (July 10, 2019, high). On the downside, $11,700 (August 15 low), $11,500 (20-day SMA) and $11,000 (lower limit of the two-week-old range, Fibonacci 23.6% retracement of July 24 – August 2 rally). Bitcoin chart (daily) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ripple Price Analysis: XRP/USD stays directionless near $0.30 FX Street 2 years Bitcoin closed with modest gains below $12,000 on Saturday. BTC/USD remains on track to end week in positive territory. $12,325 aligns as the next target on the upside. Bitcoin (BTC/USD) tested $12,000 on Saturday but failed to gather enough momentum to break above that critical level and closed with a daily gain of 0.7% at $11,688. With the trading action remain subdued on Sunday, BTC/USD stays unchanged on a daily basis. Nevertheless, the pair remains on track to close the fourth straight week in the positive territory. Bitcoin technical outlook Saturday's movements left BTC/USD near-term outlook unchanged. The Relative Strength… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.