Bitcoin technical analysis: BTC/USD critical $7500-800 resistance is being worked by the bulls
|- Bitcoin price is trading in positive territory, up some 3.65% in the second half of the session.
- BTC/USD is making a strong push above a large barrier in the way of greater upside at $7500.
- If the bulls create enough momentum for a breach then the next area of interest seen at $9000.
BTC/USD weekly chart
The price is pushing above critical weekly resistance at $7500.
BTC/USD daily chart
Bulls have the momentum with them following a chunky bounce at the big $6000 mark on 25 November.
Spot rate: 7690.32
Relative change: 2.65%
High: 7740.20
Low: 7412.56
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.