BTCUSD Another breakout
Bitcoin staged yet another bullish breakout over the weekend, with the pioneer cryptocurrency reaching the $11,500 resistance level. Going forward, further upside advancement towards the $12,100 resistance level remains possible while price trades above the $11,100 area. Traders should be aware that a decline below the $11,100 level could cause a drop towards $10,800.
The BTCUSD pair is only bullish while trading above the $11,100 level, key resistance is found at the $11,500 and the $11,700 levels.
If the BTCUSD pair trades below the $11,100 level, sellers may test the $10,800 and $10,650 levels.