Bitcoin Rebounds Nicely, BTC Bulls Sighting Next Crucial Break

After a nasty upward move, bitcoin price corrected below $12,000 against the US Dollar.
The price towards the $10,400 support and recently started a fresh increase above $11,500.
There is a major contracting triangle forming with resistance near $12,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to break to the upside above the $12,400, $12,500 and $12,800 resistance levels.Bitcoin price is showing a lot of positive signs above $11,600 against the US Do