The Price of Bitcoin Is Facing Its Final Resistance Zone Before $15K

Cointelegraph

Published Aug 08, 2020 10:41AM ET

Updated Aug 08, 2020 12:20PM ET

The price of Bitcoin (BTC) is facing its final resistance zone until the bull market is on fire. However, will it break through this resistance zone in one attempt? The charts suggest that the $11,600-12,000 area is a crucial level to break if the price of BTC is to continue moving higher.

As the price of Bitcoin couldn’t break through that resistance zone, a slight drop occurred on Friday from $11,900 to $11,350, after which BTC has managed to pare most of the losses since.

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