Bitcoin bulls are gaining strength after the first unsuccessful attempt to overcome the resistance by $11,000.
Despite the promising rally above $10,900, the build-up momentum was insufficient to overcome the strong pressure of the vendors at a psychologically important level.
The breakthrough of BTC in the area of over purchase on a 4-hour chart will contribute to a mediocre influence on the price of the main cryptocurrency.
Now the price of BTC is rising to the level of $11,000 again, which shows that the bulls are awake.
Today, the $11,000 level is the main target for BTC buyers, and if they manage to close above this level, the next level is likely to be $11,150.
Now, this mark has become a resistance and will stand out over the ceiling when the next bull rally goes up.
A break in the maintaining of the main goal will almost certainly return the fears of closing the positive gap and falling below the five-digit level, as a result of which BTC will enter the previous range between $10,000 and $11,000.
