Bitcoin bulls are in control again as BTC/USD broke above $11,500. The next bullish target is created by a psychological $12,000. Bitcoin extended the recovery and hit the intraday high of $11,617, At the time of writing, BTC/USD is changing hands at $11,570 with over 3.5% gains since the start of the day. The local support is now created by the upper line of the 1-hour Bollinger Band at $11,500. If the upside momentum is sustained, BTC/USD may increase to $12,000. This psychological barrier may slow down the bullish trend and trigger the correction towards the above-said BB. If it is broken, the sell-off may be extended to $11,350, reinforced by 1-hour SMA100. BTC/USD 1-hour chart A sustainable move above $12,000 is needed for the upside to gain traction. The next resistance comes at $12,200 with the upper line of the daily Bollinger Band located on approach. It is followed by $12,500 and a psychological $13,000. BTC/USD daily chart 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 S&P 500 Index opens in green above 3,300, all major sectors post gains FX Street 2 years Bitcoin bulls are in control again as BTC/USD broke above $11,500. The next bullish target is created by a psychological $12,000. Bitcoin extended the recovery and hit the intraday high of $11,617, At the time of writing, BTC/USD is changing hands at $11,570 with over 3.5% gains since the start of the day. The local support is now created by the upper line of the 1-hour Bollinger Band at $11,500. If the upside momentum is sustained, BTC/USD may increase to $12,000. This psychological barrier may slow down the bullish trend and trigger the correction towards the above-said BB. If it is broken, the… Top 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.
