Bitcoin Technical Analysis: BTC/USD bulls breaking down big game-changing zone
|- Bitcoin price on Tuesday is trading up with solid gains of some 3.5% in the second part of the session.
- BTC/USD bulls are underway breaking down chunky resistance seen within the $5500-600 range.
- A daily closure above the big supply noted above, should provide further upside buying pressure.
Spot rate: 5571.86
Relative change: +3.50%
High: 5632.62
Low: 5363.01
BTC/USD 60-minute chart
- BTC/USD via the 60-minute has produced a bullish flag formation, subject to a further potential move north.
BTC/USD daily chart
- Bulls are smashing through the chunky area of supply, tracking from $5500-600 range, a daily closure above would be detrimental for further gains north.
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