Bitcoin Technical Analysis: BTC/USD $8500 barrier breach is key to fast $10,000 return
|- Bitcoin price is trading in the red, down some 1.30% in the second half of the session.
- BTC/USD is narrowing as the price consolidates above the big $8000 mark, next committed move is pending.
- The price is continuing a steady weekly performance, as it moves within a bullish flag structure.
BTC/USD weekly chart
The price via the weekly view is enjoying a decent run to the upside, having closed another week in the green, four consecutive weeks of positive closures.
BTC/USD daily chart
The price is sitting on strong psychological support at $8000, a big barrier can be seen ahead of $8500.
Spot rate: 8082.30
Relative change: -1.20%
High: 8193.44
Low: 8041.65
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