Bitcoin Price Hits $11.5K Target: BTC Up 8%, Dips Well Supported

Bitcoin price rallied more than 8% and climbed towards $11,500 against the US Dollar.
The price traded as high as $11,646 and it is currently correcting gains.
There is a key bullish trend line forming with support near $10,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is trading with a positive bias and dips remain well supported near $11,500 and $11,200.There were solid gains in bitcoin price above $11,000 against the US Dollar. BTC price is up more than 8%, b