This past week, bitcoin price traded to a new monthly high close to USD 12,320 before starting a major downside correction. BTC/USD broke the key USD 11,800 and USD 11,500 support levels. It tested the USD 11,200 support area and is currently (08:00 UTC) correcting higher. However, upsides are likely to remain capped near USD 11,800 and USD 12,000. Similarly, there were extended losses in most