Bitcoin breaks major resistance at $11,400, is $12K next?

In just the last couple of hours, Bitcoin has managed to push above the resistance seen at $11,400, and is now showing considerable momentum towards $12,000, the next major resistance. Already traders and analysts are responding to what this could mean.
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Currently the price of Bitcoin has just touched on $11,600 level and is eyeballing $11.7K:
BTC/USD Chart provided by Tradingview
Already voices from across twitter are beginning to respond to this exciting break. Some are just in awe:
In the category insane charts of all time, I think this one will definitely be part of it.

What a chart.
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Others are still concerned about the relatively poor performance of most Altcoins at the moment:
Some are concerned that this pump is not supported by enough volume to be sustained:
And there are those who see no reason this run could not carry us a lot higher:
1/1- It’s hard to not look at the chart and think it should correct.

I am still long all my spot, this reminds me of every other time we assumed a correction was iminent, i.e. end of March, only for price to fire up and leave sidelined investors scrambling to enter.
2/2- so far no change in trend, price does not NEED to correct, especially now that MSM is starting to fire up around it.
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The next few hours could be critical for where Bitcoin goes next. As always, stay right here with Chepicap for all updates on this fast moving price action!

Bitcoin breaks major resistance at $11,400, is $12K next? Bitcoin breaks major resistance at $11,400, is $12K next? Reviewed by Chaudhry on June 26, 2019 Rating: 5