Bitcoin price has found some notable stability in the time following its intense rally past $11,000 seen yesterday
Although the cryptocurrency has not yet retraced following this incredible movement, it does appear to be facing some resistance above its current price levels
BTC is now establishing the $11,000 level as support, which is a highly bullish sign according to analysts
One prominent trader who forecasted this latest movement is now noting that the crypto could be well-positioned to rally up towards $18,000 in the near-term
Bitcoin and the entire cryptocurrency market are cooling off following the intense volatility seen yesterday.