Bitcoin Technical Analysis: BTC/USD bulls gunning for next major zone $6500-7000

  • Bitcoin price on Friday is outperforming its peers gains of over 2% in the second half of the session.
  • BTC/USD bulls are approaching major barrier running from $6500-7000 range. 
  • Near-term bullish flag formation eyed via the 60-minute subject to a breakout. 

 

Spot rate:                  6269.51

Relative change:      +2.05%

High:                         6335.39

Low:                          6108.38

BTC/USD 60-minute chart

  • BTC/USD moving within a near-term bullish flag structure, as the price consolidates, subject to an imminent breakout.

 

BTC/USD daily chart

  • Bulls are heading for a big test of the $6500-7000 price region, with strong upside momentum. 

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