~snip
OP, I see the technical analysis other way around. The resistance is 11,800 while the support line is 9K USD. During this trend the volume is slowly building up to break the resistance 1. For the next one week performance I am expecting this to reach the 12K USD mark.
What I think is this would be the perfect time to invest technically speaking. Uptrend and building a box shape a perfect combination added with the Fibonacci retracement, Im 100% sure that a lot of expert traders are excited at this moment.
Yes, I agree, resistance should be around $11,700 as this is the last mental barrier we reach before we suddenly went down ward. Currently, the momentum is building as we have breached $11200 based on the data from coinmarketcap. But then I hope we can sustain it the third time around, and march towards $12K and cut in like a bladed knife.
Yes, I'm excited to see things just now and its going to be critical if we go and move to $11,700 again and inching closer to the $12K barrier. So let see how it goes for the next coming days.