Bitcoin Price Back to $12,000: Bear Trap Complete
Data from Coin360 showed BTC/USD retracing slightly to $11,680 after hitting $12,025, continuing a rebound which began on Tuesday.
Bitcoin’s behavior had surprised most earlier in the week, after a bearish move downwards to just $9,700 suddenly U-turned, mushrooming into fresh growth.
Now, charts are looking increasingly like a repeat of bitcoin’s progress in the second half of 2017, regular trader Filb Filb says.
Despite uploading what he described as a tongue-in-cheek chart, its prophecy – $14,000 – would nonetheless likely come true, he explained, noting bitcoin must first clear resistance around $12,100.
Read full article here👉: CoinTelegraph.com
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