Bitcoin Price Analysis: BTC Trading In Strong Uptrend Above $11K

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Bitcoin price started a significant rise from the $9,134 swing low against the US Dollar. The price surged above the $11,000 and $12,000 levels before starting a downside correction. There is a crucial bullish trend line forming with support near $11,350 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to climb high as long as it is trading above the $11,000 support area. Bitcoin price is trading with a bullish bias above $11,000 against the US Dollar. BTC is likely accelerate further unless the bears push the price below $11,000. Bitcoin Price Analysis In the past few days, bitcoin price followed a bullish path above $11,000 against the US Dollar. The BTC/USD pair broke the key $11,200 and $11,500 resistance levels to move into a positive zone. Moreover, there was a break above the $12,000 level plus a close above the 55…

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