- Bitcoin price on Tuesday is holding minor gains just shy of 1% in the second half.
- BTC/USD subject to a potential retest of a breached bullish pennant structure, seen via the daily.
The Bitcoin price in the latter stages of trading on Tuesday is holding very minor gains of around 1%.
BTC/USD extended to the upside in the session on Monday, following a breakout from a bullish pennant pattern structure. The price, however, has seen a slowdown in the upside momentum, running into a barrier ahead of the $13,000 price mark.
At the time of writing, BTC/USD can be seen having some difficulty within a supply zone around $12,500. It may force a retest of the breached pennant structure, which is tracking back down around $11,300-11,100 range.
BTC/USD daily chart
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.