Bitcoin technical analysis: BTC/USD daily price action nearing a potential breakout
|- Bitcoin price is trading in the positive territory, down some 1.60% in the second half of the session.
- BTC/USD is moving within a bullish flag formation as the price consolidates, following a decent break higher last week.
- Critical resistance eyed at $9500, a breakdown here could provide a fresh wave to buying pressure.
BTC/USD daily chart
BTC/USD price action via the daily chart view is moving within a potentially bullish flag structure.
BTC/USD 60-minute chart
Price action via the 60-minute chart view is moving within a narrowing range block, subject to a potential breakout.
Spot rate: 9,311.28
Relative change: +1.60%
High: 9,431.19
Low: 8,964.78
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