Bitcoin Price Weekly Analysis – BTC/USD Back in Uptrend

Key PointsBitcoin price started a nice upside move from the $10,100 swing low against the US Dollar.
There is a contracting triangle pattern forming with resistance at $11,400 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX).
The pair may decline or correct a few points, but it remains supported above the $10,500 level.Bitcoin price is back in an uptrend above $10,500 against the US Dollar. BTC/USD is likely to continue moving higher towards the $12,000 and $12,500 levels.
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