Bitcoin Price Weekly Analysis – Can BTC/USD Capitalize Further?

Key PointsBitcoin price formed a major bottom at the $9096 low and recovered well against the US Dollar.
The BTC/USD pair is currently attempting to settle above two bearish trend lines with resistance at $12,250 on the 4-hours chart (data feed from SimpleFX).
The price must settle above the $12800 level to gain upside momentum in the near term.Bitcoin price is gaining momentum above $11,500 against the US Dollar. BTC/USD is trading with a positive bias and it looks set to break the $12,800 resi