Further Development
Analyzing the current trading chart of BTC, I found that buyers are still in control and that there is the bull flag pattern in creation based on the 4H time-frame.
My advice is to watch for potential buying opportunities with the take profit at the price of $12,000
The main cause of the most recent upside cycle on BTC was the breakout of the contraction and symmetrical triangle in the background.
Resistance: $12,000
Support level: $11,30