A decent support base is formed by bitcoin price above the $11,000 level against the US Dollar. The price is facing a few key resistances near the $11,500 and $11,600 levels. There is a major contracting triangle forming with resistance near $11,475 on the hourly chart of the BTC/USD pair (data feed from Kraken). It...The post Bitcoin (BTC) Price Primed For More Gains Above $11,500 appeared first on NewsBTC.