Bitcoin is currently trading at $11,500, below the major resistance of $12,500.
We believe prices are going to reverse from here, without breaking the all-important $12,500 mark.
Price reversal towards at-least $10,000 seems likely. Sustained Break below $9800 has the potential to drag the prices much lower. On the other hand, any sustained move above the $12,500 level will favour the BULLS, otherwise BEARS still hold an edge.