Bitcoin Price Analysis: BTC/USD heading for best monthly gain since May 2019
|- Bitcoin price is trading in negative territory, down 2.70% in the second half of the session.
- BTC/USD will need to breakdown to the barrier at $9500-600 for greater gains north.
- The bulls will be eyeing a return back into the psychological $10,000 once the above-noted barrier is broken.
BTC/USD monthly chart
There is significant monthly resistance noted at $9600, where the price was capped in November 2019.
BTC/USD weekly chart
Extends further to the north following a bull flag breakout, the price has been moving higher since the back end of December.
Spot rate: 9239.45
Relative change: -2.70%
High: 9523.02
Low: 9197.12
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