Bitcoin price prediction: BTC/USD gather strength before another rush to $12,000 - Bitcoin confluence

• BTC/USD bulls take a breath after the recent sharp movements. 
• The local resistance levels come at $11,350 and $11.450.

Bitcoin (BTC) settled above $11,000, however, the further recovery is limited by the local resistance of $11,300.   This barrier is reinforced by the middle line of the 1-hour Bollinger Band. The first has stayed mostly unchanged both on a day-to-day basis and since the beginning of Tuesday, while its market capitalization settled at $208 billion.  At the time of writing, BTC/USD is trading at $11,250 amid a short-term bullish trend. The coin's market dominance dropped to 60.4% as some major atcoins, including Ethereum, are doing much better.

BTC/USD 1-hour chart

On the intraday charts, BTC/USD stays above 1-hour SMA50 at $11,230, which now serves as a local support area. Once it is out of the way, the sell-off is likely to gain traction with the next focus on1-hour SMA100 at $11,150 and the psychological $11,000. This barrier may slow down the bears and create a new bullish momentum.