As CryptoPotato reported yesterday, $11,800 is a key resistance standing in the Bitcoin's way upwards. The asset indeed attempted to overcome it after a price pump from its daily low of $11,600 to its intraday high of $11,830 (on Bitstamp).
However, bears intercepted the move at that point, and BTC couldn't maintain its price above it. As a result, the asset dipped firstly to $11,700, bounced off to just below $11,800 again, and then retraced to $11,650-$11,700 where it sits at the time of this writing.
