3 reasons Bitcoin price got rejected at $11,500 — and what comes next

Bitcoin dropped as soon as the Dow Jones slumped

BitMEX sell-off

The $11,500 level has become a resistance area

“The view remains the same. Holding here and the market might continue moving upwards. Losing this area and I’ll target $10,900 and $10,600 next.”

“Bitcoin accumulation has been on a constant upwards trend for months. 2.6M $BTC (14% of supply) are currently held in accumulation addresses. Accumulation addresses are defined as addresses that have at least 2 incoming txs and have never spent BTC.”

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