In my previous analysis, we looked at the strength of the new Bitcoin uptrend as price levels traded just below $11,000 resistance. Since then, bulls have been well in control resulting in further upside towards $12,000. Bitcoin Price 1-Hour Chart On the 1 hour chart for XBT/USD, we can see how Bitcoin price entered into a clear period of consolidation inside an asymmetrical triangle, stemming from $11,500 throughout the middle of July to the newRead MoreThe post Bitcoin Price Analysis: BTC FOMO Could Surpass $12.4K This Week appeared first on Bitcoinist.com.
