[ Bitcoin Price ] Bitcoin making lower highs, where are the Bulls?

Yesterday we bounced off $11126 on Bitstamp and now we are higher at $11766, but we need to break $13004 to make higher high. After breaking that we need to break $14319 to see the Bulls back in control.

Seven days ago, we run up to $14319 and then went all the way down to $9372. We had a bounce and run up back to $13004, but we are still below that.

Every week we see a nice bounce as the bulls jump in, but then we lose momentum to the Bears just to lose that gain again. How long will this continue or are we getting ready for a big bull run?

Here is the Technical Analysis from The Chart Guys with much more detail:

Haejin Lee’s still sees a triangle forming and a breakout is needed to get out of this triangle. Haejin hopes that we will go lower first before the breakout. The bigger the correction the better the next bull run will be.

I like to watch Haejin because it gives us a longer view of the Bitcoin price than The Chart Guys who are daytraders.

Here is the technical analysis from Haejin Lee:

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