The most popular bitcoin digital currency exchange rate after a dozen or so growth days managed to reach the first target area defined as the resistance level of 11800 dollars. Due to the strength of the indicated area, the supply side managed to defend the indicated area, which caused dynamic declines in yesterday.
Currently, we can observe the closure of the demand gap, which on the other hand was the target area for sellers. Due to the fact that the bulls have dynamically defended the said gap, I expect that.
In the case of breaking the $ 11800 level, I expect growth to continue, at least around the next resistance of $ 12,600.
Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.
