Bitcoin Price Analysis: BTC/USD small glimmer of hope however the game changer would be $7000 breakout
|- Bitcoin price is trading in negative territory, down 0.25% in the second half of the session.
- BTC/USD has managed to push for three consecutive sessions in the green.
- Near-term price action has edged back above a barrier seen at $6500.
BTC/USD daily chart
The price continues to move within an ascending channel structure, at risk of breakout south.
BTC/USD 60-minute chart
Price action has narrowed via the 60-minute chart view, which follows an explosive move higher, after the bulls broke out of a flag structure. A retest of the below pattern could very well be seen, much supply runs from $6800-900 range.
Spot rate: 6647.43
Relative change: -0.25%
High: 6764.67
Low: 6582.83
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