Dear coiner,
In this week Bitcoin struggling to bounce up, in 22 Jan 2018 Bitcoin price below $11,000, but in this week end increase to $11,776.31 (2018.28.01).
So can BTC break $12,000 ?
Below is weekly analysis of Bitcoin price which told by Aayush Jindal, a Senior Forex, Cryptocurrencies and Financial Market Strategist
Key Points
itemBitcoin price is slowly moving higher and is currently trading above $11,000 against the US Dollar.
itemThere was a break above a monster bearish trend line with resistance at $11,000 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX).
itemThe price is likely forming a solid support base above the $10,500 level, which can be seen as a pivot level.
Bitcoin price is preparing for further gains above $12,000 against the US Dollar. BTC/USD is now well supported on the downside at $10,500 and $10,200.
See complete analysis here
https://www.newsbtc.com/2018/01/28/bitcoin-price-weekly-analysis-can-btc-usd-break-12000/