Bitcoin Price Prediction: BTC/USD Bulls Target $11,500 After Sharp Price Bounce

The daily chart shows that BTC/USD is pushing the price above the critical resistance level. More so, the 4-hour chart also shows that the bullish supply is becoming heavy in the market as the coin remains at the upside.

Furthermore, if the buyers could strengthen and energize the market more, they can further push the price to an $11,200 resistance level. In other words, if the bulls failed to push the market price upward, the bears could step back to bring the price to the support level of $10,700 and below.

Timeline of Bitcoin