Bitcoin Price Analysis: BTC/USD retesting a critical daily support which must hold
|- Bitcoin price is trading in positive territory, down 0.40% in the second half of the session.
- BTC/USD have enjoyed a strong push to the upside over the last two sessions, now seeing a minor pullback.
- The price has been dealt with a minor knockback from resistance observed at $10,500.
BTC/USD daily chart
Price action is retesting a critical near-term daily support at around $10,180, which must hold in order to maintain upside pressure.
BTC/USD 60-minute chart
The price has been sucked back within a narrowing range block formation via the 60-minute.
Spot rate: 10,270.20
Relative change: -0.40%
High: 10,511.86
Low: 10,080.12
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