Bitcoin Price Analysis: BTC/USD pushing for big bull flag breakout
|- Bitcoin price is trading in positive territory, up 2.95% in the second half of the session.
- BTC/USD price action has been stuck within consolidation mode for going on eight sessions.
- The key for greater upside will be for a break down of the $9500 price barrier.
BTC/USD daily chart
The price is having some difficulty with breaking down the high area in November 2019, as noted above, 9200 - 9500 price range.
BTC/USD 60-minute chart
Price action has been narrowing within a range block formation via the 60-minute chart view.
Spot rate: 9428.50
Relative change: +2.90%
High: 9271.40
Low: 9150.00
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.