BTC/USD - Target $11,706
Updated
Bitcoin bulls continued to dominate. The 9,156.4 level - now recast as support - plays an important role given a retracement to get there. The next resistance area is defined around 11,706 (Feb 20 peak, Mar 5 high). We watch for pullback setups to enter long. Alternatively, a breakout failure may re-target the support threshold at 7,820.1.
Note
BTC/USD is pushing higher. The 11,706 level remains on the radar.
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