Bitcoin Price Analysis: BTC/USD consolidates and the next move could be important
|- Bitcoin trades 0.45% higher as crypto sentiment remains high.
- Now the price is holding between 10,522.51 and 10,083.10.
BTC/USD 60-Minute Chart
As you can see from the 60-minute chart below the price has moved into a clean channel.
Now the BTC/USD pair is at a pivotal point stuck between 10,522.51 and 10,083.10.
There has been some support at 10,100 but if that support is broken it will make a lower high lower low.
That could indicate a change in the short term trend to the downside.
A sustained move above 10,500 is what the bulls are looking for and the majority of the volume peaks are still supporting the buy-side.
 (2)-637172960585181648.png){kind=link}
Additional Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.