Bitcoin (BTC) Price Prediction for July 11

After climbing over 3% in the past 48 hours, Bitcoin price is testing the upper range of its recent consolidation near $111,300. However, as the price nears the upper Bollinger Band and horizontal resistance at $112,400, early signs of exhaustion are surfacing. The question now is whether Bitcoin price today can secure a breakout above this resistance or if bulls will step back and allow a short-term correction. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) Bitcoin has surged out of a two-week ascending triangle, supported by a strong trendline from late June. The breakout above $110,000 was accompanied by a volume spike, pushing price into the $111,300–$111,600 region. BTC price dynamics (Source: TradingView) On the daily chart, BTC is approaching the upper Bollinger Band at $112,377, with price currently facing rejection near this line. The EMA cluster (20/50/100/200) is fully stacked beneath price and showing healthy bullish alignment. The nearest dynamic support now lies at the EMA20 near $108,100, with further support from the EMA50 at $105,770. BTC price dynamics (Source: TradingView) Key horizontal sup… The post Bitcoin (BTC) Price Prediction for July 11 appeared first on Coin Edition .

Source: Coin Edition