Bitcoin bounces off ascending channel support to step above $55,500 in the short term. The short-term technical picture improves as bulls target highs above the middle hurdle and 100 SMA. Bitcoin extended the bearish action significantly following the rejection at $55,000. Tentative support at $54,000 failed to stop the sellers’ advances, allowing the price to The post Bitcoin Price Analysis: BTC reconstructs bullish outlook to crown the weekend with $60,000 appeared first on Coingape.