24-04-2018 22:39 via newsbtc.com

Bitcoin Price Technical Analysis for 04/25/2018 – Long-Term Bullish Formation In Sight

Bitcoin Price Key HighlightsBitcoin price is forming a double bottom pattern on its daily time frame to signal that a climb is underway.
Price has yet to test the neckline at $12,000 to confirm the longer-term rally.
The chart pattern spans $6,000 to $12,000 so the resulting climb could be of the same size.Bitcoin price has failed in its last two attempts to break below the $6,000 level to create a double bottom reversal formation.
Technical Indicators Signals
The 100 SMA has crossed below the l
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