Bitcoin price is trading nicely above the $11,600 and $11,800 support levels. The price traded as high as $12,086 and it is now well above the 55 SMA (H4). There is a major bullish trend line forming with support near $11,820 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair...The post Bitcoin Price Analysis: BTC Likely To Gain Momentum Above $12K appeared first on Live Bitcoin News.