Today we saw a run up to $11597 on Bitstamp and then some profit taking. The price right now is $11438. The key resistance is still about $11700 to $11800.
On 21 Feb was the last time we saw $11710 on Bitstamp and then fell back to about $9344. This was good consolidation, but I would like to see us break $11710 to make higher highs to continue our bull run from $6000.
We have seen a great run from $6000 to $11700. That is almost a 100% up move. Some people saying bitcoin trading is slowing down, but that move proves them wrong. We just need to more patient and wait for the right opportunity.
Dan from the Chart Guys giving more details about the Bitcoin resistance levels at $11775:
What do you think of the current bitcoin price? Are we seeing a double top forming?
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