Over the past 24 hours, the bitcoin price continued to remain in the range of $11,100 - $11,300. Trading volumes have also remained unchanged at $ 20 billion. Calm returned to the market and volatility decreased. This indicates that most participants are still not sure whether to expect growth or decline from bitcoin.
At the moment, the chart is in a descending triangle and is testing the upper border at $11,233. In case of its breakdown, we will see an increase to $11,300 with a subsequent retest. After that, it is highly likely that it will go to the range of $11,500 - $11,600.