BTC/USD: Expected Correction Before Breaking $10,000

On the daily time frame, the next resistance is located at the level of $11,200. The Bollinger Bands indicator is moving there, suggesting growth before an expected dump. From the technical point of view, there are little chances for Bitcoin (BTC) to fix above $11,200 as the Relative Strength Index is already in the overbought zone. Also, there was no accumulation phase of the current price rise.