Bulls have tried to make the price to go above 12,000 during the last week and they have failed on their attempts and this can become problematic because as we know bitcoin has a tendency to move down really rapidly and if whales decide that they have obtained enough money out of this movement they can easily crash the price in a matter of hours, however it is my opinion that there is still some strength left in the current movement and that we are bound to eventually break that barrier.
There is a good buying happening again and market which had fallen till 11150$ has started to rebounce and now at 11550$. It was just a temporary phase where some whale might have sold it. SO those who had bought at lower levels would sell again at high to make some profit bookings. Should see again somewhere near 12k price range in coming days.
