Bitcoin (BTC) Price Approaching Next Crucial Break: $11,500 Holds Key

Bitcoin price is still struggling to gain bullish momentum above the $12,000 resistance against the US Dollar.
The price is likely setting up for the next break either above $12,000 or towards $11,500.
There is a new contracting triangle forming with resistance near $11,920 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is likely to accelerate higher once it clears the key $12,000 resistance level.Bitcoin price is trading in a crucial range below $12,000 against the