After Bitcoin touched $11,063.80, its price is now trying to move upwards aiming to hit $11,710.80 as the nearest target. This retracement has been already confirmed by the Stochastic Oscillator which is already below the oversold level. BTC is ready to climb higher above $20,000, although there is a possibility BTC will drop again. As long as number one cryptocurrency does not fall lower than $10,889.80, the upward movement to $11,710.80 is still possible.

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