Bitcoin exchange rate has not changed in the last couple of days. Trade continues to be conducted in a narrow side channel with quite probable prerequisites for a further downward correction.
Signal to buy Bitcoin (BTC):
Buyers of bitcoin remain near the level of 11800, but to return the upward trend, it is now necessary to consolidate above this area with a maximum of 12500. Only after that, we can expect the continued growth of bitcoin in the area of larger resistance of 13200, where I recommend taking the profit. In the scenario of depreciation, you can open long positions on a false breakout from a minimum of 11100 or on a rebound from larger support of 10100.
Signal to sell Bitcoin (BTC):
If the bears will not allow bitcoin above the resistance of 11800 in the near future, it is likely that the pressure on the cryptocurrency will increase, and the consolidation below the support of 11090 will only increase the likelihood of further downward correction to the minimum area of 10100 and 9250, where I recommend taking the profit. In case of growth above the resistance of 11800, you can count on sales from the maximum in the area of 12500 USD.