The prolonged watertoose phase by the BTC has passed is bound to Bollinger bands squeezing in the diary, indicating that a period of high is approaching. A daily candle each nearby below $11,200 or above $12,140 teins the direction of Bitcoin's likely breakout.
Cutting through the air resistance would probably be followed by a spike in purchase orders. Such a peak could give Bitcoin the boost it needs to resume its uptrend. If this happens, BTC could move towards the $13,870 maximum by mid-September. But if sales orders begin to accumulate, the pioneering cryptocurrency could break below the support level of $11,200, turning this area into resistance could cause BTC to drop to the next significant level of support around $10,050.
Due to the ambiguous outlook, the area between the $11,200 support and the $12,140 resistance is a reasonable non-trade area. Regardless of the risks, some of the industry's most prominent figures remain bullish.https://www.criptovenezuela.com