Bitcoin breaks major resistance at $11,400, is $12K next?

25 Jun, 2019
by David Borman
Price Action
Bitcoin breaks major resistance at $11,400, is $12K next?

In just the last couple of hours, Bitcoin has managed to push above the resistance seen at $11,400, and is now showing considerable momentum towards $12,000, the next major resistance. Already traders and analysts are responding to what this could mean.

Currently the price of Bitcoin has just touched on $11,600 level and is eyeballing $11.7K:

BTC/USD Chart provided by Tradingview

Already voices from across twitter are beginning to respond to this exciting break. Some are just in awe:

Others are still concerned about the relatively poor performance of most Altcoins at the moment:

Some are concerned that this pump is not supported by enough volume to be sustained:

And there are those who see no reason this run could not carry us a lot higher:

The next few hours could be critical for where Bitcoin goes next. As always, stay right here with Chepicap for all updates on this fast moving price action!

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