Bitcoin Price (BTC/USD) Is Holding Uptrend Support But $12K Holds Key

Bitcoin price traded to a new monthly high at $12,333 and corrected lower sharply against the US Dollar.
The price is currently climbing higher after it tested the key $11,200 support area.
Yesterday’s highlighted key bullish trend line was breached with support near $11,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price could revisit the $12,000 resistance, which is now a major breakout zone.Bitcoin price is recovering from $11,200 against the US Dollar. Howev