Bitcoin has reached the $ 11,600 level as the recovery from the $ 11,100 level continues to gain momentum. Technical analysis shows that the BTCUSD pair will phase its next bullish breakout against the $ 11,850 range if the $ 11,680 resistance range is overcome. Traders waiting for a pullback to enter the bullish trend may appear to enter the range between $ 11,300 and $ 11,200.
The BTCUSD pair is only bullish, while trading above the $ 11,500 level, key resistance is found at $ 11,850 and $ 12,000 levels.
If the BTCUSD pair trades below the $ 11,500 level, sellers can test the $ 11,300 and $ 10,200 levels.