Bitcoin Price Climbs now !!
Bitcoin price is now forwarding well above the $11,200 level and the 100 hourly quite moving average. Besides, there was a break above an ascending channel with resistance near $11,250 on the hourly chart of the BTC/USD pair. As a result, the bitcoin price has surpassed the last swing high at $11,293 and now being traded to a new 2019 high above $11,300.
The btc price is clearly trading with a positive bias above the $11,200 and $11,250 levels. If it continues to grind higher, the next stop for the bulls could be near the $11,475 level. It represents the 1.236 Fib extension level of the last drop from the $11,293 high to $10,523 low. However, there are high chances of an upside break above the $11,500 and $11,600 level.
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