Bitcoin’s upside trend is gaining momentum. Critical $11,000 remains the key barrier to be taken out. BTC/USD staged a good recovery on Thursday. However, the upside momentum faded away on approach to $10,700 barrier. The longer-term bullish target of $11,000 is still out of reach, while a slow market activity suggests that we are in for another period of consolidation in a new range. Bitcoin confluence levels There are some important technical barriers, both above and below the current price. It means that the first digital asset might need new catalysts to proceed with the recovery. Let’s have a closer look at the barriers that might influence Bitcoin’s movements in the short run. Resistance levels $10,700 – psychological barrier, Pivot Point 1-week Resistance 1, Pivot Point 1-daily Resistance 1, 38.2% Fibo retracement monthly, SMA200 (Simple Moving Average) daily 4-hour, the upper line of 1-hour Bollinger Band $10,850 – the highest level of the previous week. $11,000 – psychological level, the upper line of 1-day Bollinger Band Support levels $10,100 – 38.2% Fibo retracement weekly, 23.6% Fibo retracement monthly, SMA50 1-hour; $9,700 – the lower line of 1-hour Bollinger Band, SMA200 1-hour, 23.6% Fibo retracement weekly; $9,500 – Pivot POint 1-day Support 3. 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 EUR/USD seems vulnerable to Trump and the NFP Yohay Elam 4 years Bitcoin's upside trend is gaining momentum. Critical $11,000 remains the key barrier to be taken out. BTC/USD staged a good recovery on Thursday. However, the upside momentum faded away on approach to $10,700 barrier. The longer-term bullish target of $11,000 is still out of reach, while a slow market activity suggests that we are in for another period of consolidation in a new range. Bitcoin confluence levels There are some important technical barriers, both above and below the current price. It means that the first digital asset might need new catalysts to proceed with the recovery. Let's have a… 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.