Bitcoin Rally Slows as Technicals Indicate an Imminent Bearish Correction | Crypto Briefing

Key Takeaways

• Bitcoin surged over 25% in the past week to reach a new yearly high of nearly $11,500.
• The upward price action was able to attract a lot of interest from market participants, which is historically a bad sign.
• In the event of a correction, the most significant support barrier ahead of BTC sits around $10,000.