In the previous look at Bitcoin $BTCUSD I called the $11,700-$13,000 area a war zone for price action because we have seen sharp moves pushing price out of this zone in either direction. As price approaches $11,700, which was also a recent resistance a couple of weeks ago, Bitcoin bulls appear to be tentative.BTC/USD Daily chart(click to enlarge)For the past few days, price has been holding under the "war zone" we described in the previous Bitcoin update. The longer price stays here, the more we will need a catalyst to break through.Also, the longer it stays under $11,700, the more likely a breakout will push it up towards $13,000. However, when I look at the daily chart, I still see some bearish signs.The most telling sign that bears are still in charge is the fact that the RSI is holding under 60. At this point, a break below $11,000 can bring in a dip towards $10,00 and the recent support pivot around $9360. We should expect some support between $9000-$10,000. In fact, support here would still suggest a bullish recovery is on its way. Otherwise, the $8000 area, and the $6000 area will the next critical support levels.Coming down to these levels will show that Bitcoin is either sideways or bearish. For now, let's monitor the $11,000 near-term support. A break opens up further bearish. correction.