Bitcoin Price Technical Analysis for 01/05/2018 – Small Uptrend Gaining Traction

Bitcoin Price Key HighlightsBitcoin price is gaining a bit of bullish momentum since breaking past the descending triangle resistance.
Price is trading inside an ascending channel and has just bounced off support.
Bitcoin could be headed to the top of the channel from here and the Fib extension tool shows other potential upside targets.Bitcoin price is resuming its short-term climb and could have its sights set on the next upside targets on the Fib levels.
Technical Indicators Signals
The 100 SM