What Hope Do Bears Have If Bitcoin Holds $11,500? Analyst Asks
Despite the parabolic performance in some altcoins, Bitcoin is stagnating around the high-$11,000s. As of the time of this article’s writing, BTC is trading for $11,600. This comes after it was rejected last week at the $12,000 level yet again, marking a loss for bulls. Analysts say that Bitcoin managing to hold the $11,500 level would bolster the medium-term bull case dramatically. One trader went as far as to say that the cryptocurrency closing the weekly candle at $11,500 could leave bears without much hope. He isn’t the first commentator