Bitcoin Price (BTC) Hesitates But Further Gains Seem Likely
Bitcoin price is trading with a positive bias and recently climbed above $10,800 against the US Dollar. The price is currently trading above the $10,500 support and it could continue to rise in the near term. Yesterday’s highlighted key bullish trend line is providing support near $10,510 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to grind higher as long as there is no close below the $10,400 support area. Bitcoin price is showing a lot of positive signs above $10,500 against the US Dollar. BTC remains supported for more gains towards the $11,000 and $11,200 resistance levels. Bitcoin Price Analysis Yesterday, we saw strong gains in BTC above the $10,500 resistance area against the US Dollar. The…