The main support zone is near the $11,000 level, which was a resistance earlier and now it could provide support. More importantly, there is a key bullish trend line forming with support near $10,900 on the hourly chart of the BTC/USD pair.
Therefore, if there is a downside correction, the price might find strong bids near $11,250 or $11,000. On the upside, an immediate resistance is near the $11,650 swing high. A successful break above $11,650 might open the doors for a move towards the $12,000 level.
Looking at the chart, bitcoin price is showing a lot of positive signs above the $11,200 and $11,500 levels. The price action suggests that there could be a short term downside correction before more gains above the $11,650 level.