Bitcoin price failure at $11K moves focus back to sub-$10K CME gap

In the previous analysis, the $11,000-$11,200 level was identified as a substantial resistance area to break. The significance of this level is very high as the previous consolidation period used the zone as a key area of support.

The crucial resistance zone to test and break for a bullish continuation is the $10,700-$10,750 area, which is also unlikely to expect at this time. If this zone fails to break or the price loses the $10,200 area, investors’ attention will shift back to the untested level around $9,500-$9,700.

Timeline of