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Bitcoin Price Technical Analysis for 06/12/2017 – Rising Wedge Pattern by carlperna

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· @carlperna ·
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Bitcoin Price Technical Analysis for 06/12/2017 – Rising Wedge Pattern
Bitcoin Price Key Highlights

Bitcoin price is moving higher but is currently in a consolidation pattern.
Price has formed higher lows and higher highs, creating a rising wedge formation visible on its 4-hour time frame.
Bitcoin is testing support at the moment and could be due for a move back to the resistance around the recent highs or the $3000 level

Read Full Article Here http://www.newsbtc.com/2017/06/12/bitcoin-price-technical-analysis-for-06122017-rising-wedge-pattern/

![170611_bitcoin-825x510.png](https://steemitimages.com/DQmZf279nc32tk3r58kt1UyDQEPCaL3sGqDdRqvtoC3WtRN/170611_bitcoin-825x510.png)
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