Bitcoin (BTC) Price Weekly Forecast: Can Bulls Aim $11.5K?

There was a decent rise in bitcoin price above the $10,500 resistance level against the US Dollar. The price climbed higher and even broke the key $10,650 and $10,800 resistance levels. There is a major ascending channel forming with support at $10,700 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is climbing higher and it could continue to rise above the $11,000 resistance area. Bitcoin price is gaining momentum above $10,500 against the US Dollar. BTC price is likely to extend gains above the…