Further Development
Analyzing the current trading chart of BTC, I found that we got inside days in previous 2 days, which is sign of balance.
I would wait for the breakout of support at $11,570 with potential to drop towards $11,100 or breakout of resistance at $12,000 with potential for test of $12,450
Watch for breakout of the inside bar formation to confirm further direction
Bollinger bands started to contract, which is another sign of the balancing market.
Key Lvels:
Resistance: $12,095
Support level: $11,100