In the past few days, bitcoin price consolidating above the $11,260 support level against the US Dollar. Finally, BTC was able to gain bullish momentum above the $11,400 and $11,560 resistance levels. To start the recent increase, there was a break above a crucial contracting triangle with resistance near $11,520 on the 4-hours chart of the BTC/USD pair. The pair surged and cleared the $11,830 and $12,000 resistance levels. It is now trading well above the $12,000 support and the 55 simple moving average (4-hours). A high is formed near the $12,310 level and the price is currently showing a lot of positive signs. An ... (full story)