From this chart we can see the price of BTC has passed major resistant since June 2019. That is at $10.000 (0.6 fibo level) and at $10.700 which is the major resistance from June-July 2019, BTC got rekt after touch this level past year. And this week BTC has passed that level and now getting stuck at $11.500, which is resistant in February - March 2018. This is a major one of BTC resistant.
This is a crucial level for btc. The next bull run will be determined next week whether the price of BTC can break this resistant or not.