Bitcoin is Moving Close to $12,000, Waiting for An Outbreak

Bitcoin has been moving sideways in between $11,700 to $12,000 during the past 3days. As compared to Ether, Bitcoin has shown stronger in price movement. There are significant support levels at $11,700 can be seen in the 1H chart. Each time Bitcoin was pulled back near to the price at $11,700, then it would rally rapidly and back to the uptrend track. It shows the bulls are confident and eager to outbreak the pivotal level at $12,000. Since then, the next target for Bitcoin would be $12,500.

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