$BTC/USD defending at $ 11,200? Possibility of further rise


On October 10, BTC has broken out of the consciousness line of $ 11,200 and is looking for a higher price.

The next consciousness line will be around $ 11,500, but I have already tried the line twice and it has failed.
From the latest board information, the third challenge is expected to be near.

The problem is the third challenge.

If it succeeds in dropping $ 11,500, it is no exaggeration to say that the next biggest resistance point of the year is $ 12,000. Only God knows if he will get out of here, but he will definitely challenge.

On the other hand, if the third $ 11,500 omission challenge fails, we would like to consider a scenario in which head and shoulders are formed and the price drops at once. In that case, it is very important to keep the price range from the neckline of $ 11,200 to $ 11,250.

Bitcoin is still on the rise, linked to the rise in US stocks.
Until the US presidential election, unless the price range mentioned above is broken, it is likely to be aggressively attacked.