- Bitcoin price approaches $12,000 but first, it must pass the most critical test $11,899.
- BTC/USD is technically ready to take down the resistance at $12,000 but low trading volume is the stumbling block.
The cryptocurrency market has slowed down the bullish momentum. Last week was as though Bitcoin was on steroids. In addition to sustaining gains above $10,000, BTC rocked above $12,000. The largest cryptocurrency traded a new yearly high at $12,145 before retreating to test and confirm support at $10,400.