Bitcoin Price Analysis: BTC/USD bulls are freely running now
|- Bitcoin price is trading in positive territory, up 1.20% in the second half of the session.
- BTC/USD made a strong extension to the upside in the session on Monday through $7000.
- There is room now after laying the foundations for greater moves north.
BTC/USD daily chart
The buyers were able to capitalize on a bullish pennant structure, inviting a decent wave of upside momentum.
BTC/USD 60-minute chart
Price action formed a bullish flag structure and has further pushed higher out of the pattern.
Spot rate: 7413.20
Relative change: +1.20%
High: 7460.08
Low: 7234.06
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