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On Saturday, the price of bitcoin held in a very tight consolidation, around 10,900.00 USD, and on Sunday, the bears pierced the moving average EMA55 and tested the level of 10,755.90 USD.
Before the beginning of this week, the price managed to return to the zone of Saturday's consolidation, but now the growth to the target level of 11200.00 USD is questionable.
Judging by the Stoch RSI readings, the bulls still have the potential to retest the 50% Fibo level (11394.15 USD), but the low buying volume slows down the recovery process. This could cause the bears to resume strong pressure, and then the BTC price will roll back below the support of 10500.00 USD.
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