|BTC Price: $11,817
Last 7 Days: 14.85% 1month: 43.17% 12months: 71.45%After forming support at $10,800, Bitcoin has been recovering in recent trading days, trading above $11,000 and further resistance level of $11,200. There has been a steady increase above $11,400 and past the 100 hourly simple moving average, where we saw the price trade above the $11,500 resistance level but bulls struggled to take control closer to $11,600 and a swing high was formed near $11,621 with a price correction following shortly after.
We saw a decline back through $11,500 with a further bear push below $11,400. Support was found by $11,350, from the outside there is a big contracting triangle forming with resistance by $11,475, however if we can push up past $11,500 then bullish momentum is expected to continue to take BTC/USD towards recent highs near $11,623. Key resistance is put at $12,000 and key support is currently placed at $11,200.
1st July: $29,378,589,324 (BTC Price of $10,583)
8th July: $21,207,284,133 (BTC Price of $11,814)
27% decrease in trading volume in the last 7 days