BITCOIN COULD EXPLODE UP TO $11,400 IF BULLS BREAK ONE KEY LEVEL

BITCOIN COULD EXPLODE UP TO $11,400 IF BULLS BREAK ONE KEY LEVEL

Gate Trade News Tuesday, October 6, 2020 37 1

Bitcoin and the entire cryptocurrency market are pushing higher today, which may be coming about to do strength in the stock market

 

This latest move marks an upwards break of the consolidation phase seen as of late, but it is important to note that it has not led BTC past any key technical levels

 

That being said, a move past the resistance in the lower-$11,000 region could be imminent in the near-term

 

One trader is pointing towards the price region between $11,200 and $11,400, explaining that a visit to this level could be imminent

 

He also notes that a reversal around BTC’s current price could lead it as low as $9,500