BTC/USD bulls take a breath after the recent sharp movements. The local resistance levels come at $11,350 and $11.450. Bitcoin (BTC) settled above $11,000, however, the further recovery is limited by the local resistance of $11,300. This barrier is reinforced by the middle line of the 1-hour Bollinger Band. The first has stayed mostly unchanged both on a day-to-day basis and since the beginning of Tuesday, while its market capitalization settled at $208 billion. At the time of writing, BTC/USD is trading at $11,250 amid a short-term bullish trend. The coin’s market dominance dropped to 60.4% as some major atcoins, including Ethereum, are doing much better. BTC/USD 1-hour chart On the intraday charts, BTC/USD stays above 1-hour SMA50 at $11,230, which now serves as a local support area. Once it is out of the way, the sell-off is likely to gain traction with the next focus on1-hour SMA100 at $11,150 and the psychological $11,000. This barrier may slow down the bears and create a new bullish momentum. Bitcoin confluence levels There are several important technical barriers below and above the current price. It means that BTC/USD may spend some time consolidating gains at the current levels; however, in the long-run, the trend stays bullish as long as the price is above $11,000. Let’s have a closer look at the support and resistance levels. Resistance levels $11,350 – 1-hour SMA100, 23.6% Fibo retracement daily $11,440 – the highest level of the previous week and month, the upper line of the 1-hour Bollinger Band $12,000 – the upper line of the daily Bollinger Band, Pivot Point 1-week Resistance 1 Support levels $11,000 – 23.6% Fibo retracement weekly $10,850 – 23.6% Fibo retracement monthly, the lower line of the 4-hour Bollinger Band $10,500 – 161.8% Fibo retracement daily BTC/USD, 1-day 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 US Dollar Index: The next key level is at 91.50 – UOB FX Street 2 years BTC/USD bulls take a breath after the recent sharp movements. The local resistance levels come at $11,350 and $11.450. Bitcoin (BTC) settled above $11,000, however, the further recovery is limited by the local resistance of $11,300. This barrier is reinforced by the middle line of the 1-hour Bollinger Band. The first has stayed mostly unchanged both on a day-to-day basis and since the beginning of Tuesday, while its market capitalization settled at $208 billion. At the time of writing, BTC/USD is trading at $11,250 amid a short-term bullish trend. The coin's market dominance dropped to 60.4% as some major… 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.
