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Bitcoin Price Analysis: BTC Eyeing Crucial Upside Break | Live Bitcoin News

Bitcoin price found support near the $9,800 area and recently corrected higher.The price is trading above the $10,500 level and the 55 SMA (H4).There is a major rising channel forming with support near $10,560 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must break the $10,960 and $11,120 resistance levels to continue higher in the near term.Bitcoin price is currently recovering higher above $10,500 against the US Dollar. BTC is likely to clear the $10,950 resistance as long as it is above the $10,560 support.Bitcoin Price AnalysisIn the past few days, bitcoin price started a steady recovery wave from the $9,810 swing low against the US Dollar. BTC broke a couple of key hurdles near the $10,350 and $10,400 levels to move into a positive zone.There was also...