Quick decay after poking the $12'300 level.
Current support/resistance: $11'200/$12'000
After the surge of the 5 August, the trend cooled down and is now consolidating between $11'500 and $12'000 levels. Many pro-Bitcoin analysts are forecasting levels of $15'000 or more to be reached by the end of August. To see another surge happen, the price needs to break the $12'000 resistance and to maintain itself above it. If this level is not crossed in the short term there is a risk to go back to lower levels.
This slow down has stabilised the RSI(14) leaving more room for growth, and the MACD lines are still giving bullish signal.
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