Bitcoin Price Analysis: BTC/USD resumes the recovery, $12,000 back in focus

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Bitcoin Price Analysis: BTC/USD resumes the recovery, $12,000 back in focushttp://ntvforex.com/news/?id=09f820 | 3 minutes ago
Bitcoin bulls are in control again as BTC/USD broke above $11,500.
The next bullish target is created by a psychological $12,000.
Bitcoin extended the recovery and hit the intraday high of $11,617, At the time of writing, BTC/USD is changing hands at $11,570 with over 3.5% gains since the start of the day. The local support is now created by the upper line of the 1-hour Bollinger Band at $11,500. If the upside momentum is sustained, BTC/USD may increase to $12,000. This psychological barrier may slow down the bullish trend and trigger the correction towards the above-said BB. If it is broken, the sell-off may be extended to $11,350, reinforced by 1-hour SMA100....
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Crypto Trading
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