Bitcoin technical analysis: BTC/USD $11,000 barrier must be broken or sellers will likely punish again
|- Bitcoin price on Friday is trading in the green, up some 3.10%.
- BTC/USD will need to break down a big barrier seen at $11,000 in order to achieve a greater upside.
- A decent wave of buying came into play as the price broke out of the recent range, which was capped at $10,200 to the upside.
Spot rate: 10,400.15
Relative change: +3.10%
High: 10,433,57
Low: 10,043.89
BTC/USD daily chart
- Price action is being supported to the upside by an ascending trend line. Big barrier eyed at the $11,000 mark.
BTC/USD 60-minute chart
- The bulls saw a breakout from recent range which was capped at $10,200.
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