$11,500 is an important mark for Bitcoin, here is why

A recent market rally allowed Bitcoin to breach the resistance level at $10k for the first time after months of low volatility at around $9,500. The coin did not only breach the $10k mark, but it went beyond it, first to $11k, and then $12k. Between these two crucial levels lies another which might be even more important — $11,5k — according to numerous traders. Bitcoin shows signs of a pending bull cycle After reaching the $12k mark, BTC price saw a correction that took it down to its current price at around $11,300. Due to its close proximity to