Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K

Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K

  • A strong support base is forming near the $9,700 level after a strong decline.
  • A swing low was formed at $9,679 before the price started a strong upward move.
  • Yesterday’s crucial declining channel was breached with resistance near $10,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is currently gaining…
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