Bitcoin Price Analysis: BTC/USD Bullish Continuation Signal?

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Bitcoin recently busted through the top of the descending triangle on the 4-hour time frame and is forming a bullish flag pattern to signal that a continuation of the climb is due.


The 100 SMA crossed above the longer-term 200 SMA to indicate that the path of least resistance is to the upside or that the climb is more likely to gain traction. In addition, the 100 SMA is close to the broken triangle top to add to its strength as potential support around $11,000 in the event of a retest.

RSI…



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