Bitcoin Price (BTC/USD) Targets Fresh Weekly High Above $12.2K

Bitcoin price is trading nicely above the $11,650 and $11,500 supports sharply against the US Dollar.
The price is likely to break the $12,000 resistance and continue higher in the coming sessions.
There is a crucial contracting triangle forming with resistance near $12,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price could either rally above $12,000 and $12,200 or it might start a fresh decrease below $11,500.Bitcoin price is trading with a positive bias above $11