Bitcoin Price Technical Analysis for 01/11/2018 – A Bit More Bullish Momentum

Bitcoin Price Key HighlightsBitcoin price is still within its ascending channel on the 1-hour time frame and has bounced off support.
A bit more bullish momentum can be seen as price broke past a small descending trend line.
Technical indicators, however, are signaling that bearish pressure could kick in soon.Bitcoin price looks ready to resume its climb to the channel resistance but there are indications of bearish pressure.
Technical Indicators Signals
The 100 SMA is crossing below the longer-