Last week we said: With BTC continuing to bounce, the deciding factor will be if it can break the $10.8 – 11k resistance zone. After that, $12k is the ceiling before breaking new ground. If BTC fails to break resistance, it will retest support at $10k. This is EXACTLY what happened! Bitcoin moved up and tested the 10.8-11k resistance and failed to break the key level. Effectively this created a “lower-high” in the charts, which is a short term bearish …
