Bitcoin is showing positive signs above the $10,800 support against the US Dollar. BTC broke the $11,000 level and it is currently correcting lower towards key supports.
- Bitcoin gained pace and traded to a new weekly high at $11,176.
- The price is currently correcting below $11,000, but it is well above the 100 simple moving average (4-hours).
- There are two major bullish trend lines forming with support near $10,900 and $10,800 on the 4-hours chart of the BTC/USD pair (da…