A Bullish Continuation on Bitcoin Has Not Changed Despite the Great Pull Back

The price of Bitcoin was rejected at the $12,000 resistance level for the second time in the past 10 days. Additionally, Bitcoin dropped 4.32% in price and broke the ascending asymmetric triangle pattern yesterday. However, the bullish on Bitcoin has not yet finished as there is a strong support level can be found at around $11,200 in the 1H chart. On the other hand, Bitcoin is still on the way of the uptrend if you look at the larger time frame. Therefore, keep buying Bitcoin when the price holds still above $11,000 is suggested for a long-term investor.

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