Bitcoin (BTC) Price Hesitates But More Upsides Seem Likely

There was a slow and steady rise in bitcoin after it tested the $4,920 area against the US Dollar. The price climbed higher steadily and broke the $5,200 resistance area to move into a positive zone. There is a key ascending channel in place with support at $5,270 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could dip in the short term, but buyers are likely to buy heavily near $5,270 or $5,250.

Bitcoin price is showing positive signs above the $5,200 pivot...

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