Bitcoin Price Technical Analysis for 01/22/2018 – Hope for the Bulls!

Bitcoin Price Key HighlightsBitcoin price recently broke past the descending trend line resistance and has reached the $13,000 level before making a correction.
Applying the Fib extension tool on the breakout move shows the next potential upside targets.
Technical indicators are also suggesting a pickup in bullish momentum.Bitcoin price could be ready for an uptrend as price is completing its retest of a broken descending trend line.
Technical Indicators Signals
The 100 SMA is still below the lo