High Chances to Retest the $12,000 Mark

Bitcoin (BTC) has got finished the local correction and almost came back to the crucial $12.000 level. From the technical point of view, the long-term trend remains the main trading idea, however, to keep the growth, bulls need to fix above the resistance line of the Bollinger Bands indicator. In case of a false breakout, the rollback may happen to $11,000-$11,250. But that will be a part of a correction phase, not a start of a bearish trend.