RATE Group | Bitcoin price prediction: $11,000 is a real possibility now
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Bitcoin price prediction: $11,000 is a real possibility now

03 Aug Bitcoin price prediction: $11,000 is a real possibility now

Posted at 20:37h in Bitcoin News by

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  • Bitcoin’s upside momentum is gaining traction.
  • Critical $11,000 is within reach now.

BTC/USD has been moving towards $11,000 amid growing volatility on the cryptocurrency market. The first digital asset has gained over 3% in recent 24 hours, while its market share increased to 66.5%. Bitcoin came close to $10,900 handle during early Asian hours on Saturday, but the retreated towards $10,800 by the time of writing. 

Bitcoin confluence levels 

There are some important technical barriers, below the current price, while the way to the North looks like the path of least resistance. It means that Bitcoin has a good chance to develop the upside momentum and tale out the key barrier at $11,000 sooner rather than later.

Let’s have a closer look at the barriers that might influence Bitcoin’s movements in the short run.

Resistance levels

$11,000 – psychological level, the upper line of 1-day Bollinger Band,  Pivot Point 1-day Resistance 3;
$11,100 –  Pivot Point…

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