Bitcoin Price Technical Analysis for 03/06/2018 – Quick Break and Retest

Bitcoin Price Key HighlightsBitcoin price has recently broken above the neckline of an inverse head and shoulders pattern visible on longer-term time frames.
Price is also moving inside an ascending channel on its 1-hour time frame and is testing support.
This support lines up with the broken neckline, that might hold as a floor from here.Bitcoin price is pulling back from its latest break above the $11,000 area of interest and might be due to resume its climb.
Technical Indicators Signals
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