Bitcoin’s price has been showing signs of strength as its consolidation phase continues
Although its upwards momentum has faltered.
its current stability within the mid-$11,000 region is promising, as it points to some underlying strength amongst bulls
Where the cryptocurrency trends in the near-term will likely depend primarily on its reaction to a couple of key levels
One analyst is noting that a strong upside movement could be imminent in the near-term
That being said, he still thinks the resistance seen throughout the upper-$11,000 region could be enough to spark a selloff