Bitcoin Price Technical Analysis for 11/10/2016 – Bulls Ready to Charge Again?

Bitcoin price is settling inside a new rising channel on its 1-hour time frame and might be due for a test of support soon.
Bitcoin Price Key Highlights
Bitcoin price is trending higher on its 1-hour time frame, moving inside an ascending channel pattern. Price just bounced off the resistance and is making its way back towards support. Technical indicators are suggesting that the uptrend could carry on, possibly leading to another test of the channel resistance. Bitcoin price is settling inside a new rising channel on its 1-hour time frame and might be due for a test of support soon.

This post was published at NewsBTC on November 10, 2016.