Ken Chigbo
Independent Analyst
- Bitcoin price is trading in positive territory, up 0.75% in the second half of the session.
- BTC/USD moving within consolidation sitting just above the big $7000 price mark.
- The next price breakout is critical for the Bitcoin trend moving forwards.
BTC/USD weekly chart
The price managed to close the week again in the green, marking the fifth consecutive one.
BTC/USD daily chart
A narrowing in the daily price action has been viewable for the last four sessions, with a breakout likely to be explosive.
Spot rate: 6984.45
Relative change: -1.95%
High: 7223.22
Low: 6917.61
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