Bitcoin Price Soars to $11,400 as Traders Say a ‘Bull Phase’ Is Igniting

Cointelegraph

Published Jul 31, 2020 06:56PM ET

Updated Jul 31, 2020 11:40PM ET

The price of Bitcoin surpassed $11,400 for the third time in three days, breaching a critical resistance level. Earlier today BTC price reached $11,444 but it quickly rejected back to the $11,250 range.

Surprisingly, within the last hour the price has risen above the $11,400 mark again and some traders believe that repeated retests of the resistance could raise the chances of a breakout.

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