Bitcoin testing $11,000 again, breakout or rejection? Twitter weighs in

24 Jun, 2019
by David Borman
Price Analysis
Bitcoin testing $11,000 again, breakout or rejection? Twitter weighs in

Bitcoin is testing on the $11,000 price range for the third time since the breakout above $10,000 a few days ago. Will this one stick? Or will we see more downside/sideways action? Twitter analysts have weighed in on this current action.

BTC/USD Chart provided by Tradingview

Many traders are out doing their due dilligence in analyzing the current price range, pointing out that a break of $11.4K is the resistance to watch:

Others are pointing out that it is looking like we may be about to get stopped out again just above $11,000:

Some however are pointing out that recent "head and shoulder" patterns have all ended bullish for the price, and if this one breaks down it would be a surprise:

Still others have pointed out that CNBC have been bullish on Bitcoin today, a sign that often means immintent downturn:

At the time of this writing, Bitcoin is hovering just over $11,000 as a market average, with Coinmarketcap.com reporting $11,008.59. Can the price hold here this time, and push to resistance at $11.4K? Stick with Chepicap for all updates on Bitcoin Price Action!

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