Downtrend Repels Bitcoin Advance, For Now...

Bitcoin got as high as $11,700 or there about earlier today. Upon reaching the resistance there, and also the long term downtrend line, it has repelled from both those key areas.

But as we can see here:

https://www.tradingview.com/x/8fsiflW5/
2 Hour BTC/USD Chart

It seems as though the short term uptrend line, and also the $11,200 support, have both held nicely.

Things looked bullish earlier I thought, and that hasn't changed on the daily chart, so we could perhaps give that trendline another try sometime shortly (likely tomorrow/today).

But we'll see what happens...