It is supporting the $11k and in fact, just made it back to $11,200.
We're thinking that it will be the last time that it will be on $11,000 and suddenly will go back to $10,000 and $9,000. But this time, it's going strong and if it supports $10,500 - $11,000 for how many weeks, it will give me a sigh.
Apparently we experience some little dumps but the support is strong so I assume that we will experience a little more pumps in next following days. but we can't really be sure if this will really continue in next following months since there is a downside of everything and we need to be ready for that.
I'm casting my loads now and will secure my profit anytime soon once I see some bad angles.
I wouldn't consider those dumps as literal dumps, we've been up rapidly and those dumps are simple pull backs that are normally happening when bitcoin rises.
It's undetermined if this will continue for the next months but if it will stabilize on this level, we should be happy then.
Bitcoin has been at over $ 9,000 for a long time, and if in reality the price of Bitcoin will hold over $ 10,500, it is likely that it may rise even higher by the end of the year. And you are absolutely right, even this mark will be very beneficial for us if such a price stabilizes for a sufficiently long period.
In addition, according to analysts, the consequences of the halving should appear in a year, so a rise in prices should be expected.