Bitcoin technical analysis: BTC/USD bulls making another attempt at breaking down big barrier $10,500-11,000
|- Bitcoin price in the session on Monday is trading with gains of some 0.70%.
- The price has been trying to break down the heavy supply region, $10,500-11,000 range.
- BTC/USD via the daily view continues to move within a narrowing triangular structure.
Spot rate: 10,460.10
Relative change: +0.70%
High: 10,532.56
Low: 10,060.25
BTC/USD daily chart
- Price action is knocking on the door of critical resistance, the upper acting trend line of a triangular structure.
BTC/USD 15-minute chart
- The bears had smashed out from a narrowing range-block formation, but the bulls have pushed their way back in, reversing the drop south.
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