Bitcoin Price Analysis: BTC/USD bulls breakout out of another pennant structure
|- Bitcoin price is trading in positive territory, up 5.80% in the second half of the session.
- BTC/USD price action is breaking out of a narrowing four-session range.
- There still remains some sticky supply within the early $7000 region, which bulls are working on.
BTC/USD weekly chart
Bitcoin managed to see another closure in the green, marking it four consecutive weeks.
BTC/USD daily chart
The price had formed a bullish pennant structure, which is inviting further upside pressure.
Spot rate: 7175.50
Relative change: +5.80%
High: 7179.73
Low: 6773.83
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