Bitcoin Price Weekly Analysis -BTC/USD Remain In Uptrend

Bitcoin price remained in an uptrend this past week versus the US Dollar, and my view of further gains played well in the near term.
Key Points
Bitcoin price continued to surge higher this past week against the US Dollar and traded above $620. There is an ascending channel pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which is acting as a support area. As long as the price is in the channel, there is a chance of more gains in the near term. Bitcoin price remained in an uptrend this past week versus the US Dollar, and my view of further gains played well in the near term.

This post was published at NewsBTC on 6:00 am September 11, 201.

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