Bitcoin Price Technical Analysis for 01/12/2018 – New Triangle Forming

Bitcoin Price Key HighlightsBitcoin price has formed lower highs and found support at $13,000, creating a descending triangle pattern.
Price is currently testing the bottom of the formation and might be due for  bounce back to support.
Technical indicators appear to be signaling that the consolidation could carry on.Bitcoin price is trading inside a descending triangle pattern and is currently testing support.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA on this