Bitcoin Price Technical Analysis for 03/05/2018 – Bulls Leading the Charge

Bitcoin Price Key HighlightsBitcoin price is edging higher steadily inside an ascending channel formation.
Price just bounced off support and is halfway through the channel, setting its sights on the resistance close to $12,000.
Technical indicators are signaling potential profit-taking soon.Bitcoin price is trending higher inside an ascending channel on the 1-hour time frame and may have enough momentum to climb to the top.
Technical Indicators Signals
The 100 SMA is above the longer-term 200 S