Bitcoin Price Weekly Analysis – BTC/USD Eyeing Further Gains
Key PointsBitcoin price made a nice upside move and traded above $9,000 and $10,000 against the US Dollar.
There is a major ascending channel forming with current support at $10,150 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX).
The pair may continue to rise and the next major resistances are at $11,600 and $12,000.Bitcoin price showing many bullish signs above $10,000 against the US Dollar. BTC/USD may correct a few points in the short term, but it remains supported above $
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