Is Bitcoin accumulating strength for an upward move or peaking? Bitcoin / U.S. dollarBITSTAMP:BTCUSDMatthew_8888Bitcoin rebounded after hitting the minor support of the rising channel. The recent pattern is still in the stage of oscillation and accumulation, with the price running between the strong support level of 113200 and the strong resistance level of 116784. The bullish arrangement of the moving average and the engulfing pattern form a strong bullish resonance. The lows are also gradually rising, so this rebound is not over. Friends who opened long orders can continue to hold, with targets at 116784-118000-121000.