Bitcoin technical analysis: BTC/USD bulls not far from big $15,000 milestone; double-digit gains on Wednesday
|- Bitcoin price on Wednesday is an outperformer, big gains of some 10.50 % in the second half of the day.
- BTC/USD bulls managed to break into the $12,000 territory, knocking down a large barrier.
- The next major milestone could very likely be $15,000, given the breakdown of $12,000-12,500 range.
Spot rate: 12,822.10
Relative change: +10.55%
High: 12,943.16
Low: 11,671.45
BTC/USD 60-minute chart
- Price action was able to extend to the upside following a bullish flag breakout.
BTC/USD weekly chart
- The bulls have smashed through a large barrier seen at $12,000, making room for a $15,000 retest.
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