Bitcoin Technical Analysis: BTC/USD consolidation ahead of next potential bull stampede
|- Bitcoin price on Wednesday is trading in the green, gains seen of some 0.50%.
- BTC/USD over the last two sessions despite the small gains has been trading within consolidation mode.
- Bulls are eyeing the next major barrier to tackle, seen up at around $6500-800, ahead of $7000.
Spot rate: 5887.03
Relative change: +0.50%
High: 5914.58
Low: 5664.63
BTC/USD 60-minute chart
- Consolidation can be witnessed via the 60-minute, the price moving within a near-term ascending wedge, potentially even a bearish flag structure.
BTC/USD daily chart
- Price remains trading very close to the upper part of the breached bullish flag structure.
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