27-12-2017 04:53 via newsbtc.com

Bitcoin Price Technical Analysis for 12/27/2017 – Rebound Underway?

Bitcoin Price Key Highlights
Bitcoin price appears to be recovering from its pre-Christmas slump, forming higher highs and higher lows again.
Price is trading inside an ascending channel pattern and is currently testing the resistance.
A pullback to support could be due and using the Fib retracement tool shows the potential inflection points.
Bitcoin price is slowly starting to trend higher once more, possibly rebounding from the slide in the previous week.
Technical Indicators Signals
The 100 S
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