Bitcoin Sharply Pass $11,900 Reach $12,300, Then Fall 5%
Bitcoin first climb pass di main resistance at $11,900, push reach $12,300 as trading volume rise plus bullish on-chain metrics. Profit-taking for di new high, overbought RSI levels and bearish chart patterns, comot with macro wahala—like inflation worry, central bank policy sign dem and regulatory gbege—trigger one 5% pullback go side support around $11,500–$11,700. Ethereum (ETH) also make small gains during di rally, show say altcoins dey strong generally. Even with di dip, Bitcoin fundamentals still strong, backed by continued institutional interest and network growth. Traders suppose dey watch resistance at $12,000–$12,300 and support near $11,500–$11,700 for any sign about di next move.
Neutral
Dis kain combination development dey show bullish momentum plus natural pullback. Bitcoin first jump pass $11,900 and climb go $12,300 show strong buying pressure, more trading volume, plus positive on-chain metrics. But di next 5% fall becos profit-taking, overbought RSI, bearish chart signals and macro wahala mean say make traders dey cautious short-term. Key support zone between $11,500 and $11,700 fit attract fresh buying, while resistance for $12,000–$12,300 go test if bullish feeling still dey. For traders, dis pattern mean consolidation, no be trend reversal, so e lead to neutral stance for near term, but dem go still dey watch fundamental drivers for long-term direction.