Bitcoin (BTC) - Nr 5 - going to support

BTC is finding it rather difficult to break the resistance of 11,700 level and is now flating over this channel in blue. In this latest downturn, the strong volume draws attention which may help push the price of Bitcoin to support levels around 9,700.

Therefore, in the short term I am bearish, considering that there is a greater probability of immediate going to support than a superior breakup.

I’ll keep you updated.