Bitcoin (BTC) is in bullish momentum as price breaks the range-bound zone of $11,200 and $11,440. The current momentum could not break the resistance at the $11,500 high.
Since October 12, buyers have made three unsuccessful attempts to break the resistance at the recent high but to no avail. Sellers have been defending the price level for some time. The major reason is that the coin has been trading in the overbought region of the market.
Info link:
https://coinidol.com/bitcoin-battles-jump-hurdle/