Bitcoin bears sabotage $11000 support; what next for BTC/USD

Bitcoin bears sabotage $11,000 support; what next for BTC/USD

Bitcoin price action follows a lower low pattern. Oversold levels could signal a reversal above $11,000. Bitcoin sellers ravaged through the tentative support at $11,000. The price action follows a couple of days of consolidation above $11,000. Looking back, last week’s high at $12,343 marked the end of the blissful move from the support around $9,100.