- Bitcoin price is trading in negative territory, down 7.50% in the second half of the session.
- The bulls extended to the upside following a pennant breakout, providing further momentum.
- Despite the push north, there is still somewhat a risk to the downside, given a bearish flag structure.
BTC/USD daily chart
The bulls made a critical breakout and closure above $6500, which was a barrier that had been capping upside for a few sessions.
BTC/USD 60-minute chart
Bulls have a near-term opportunity to break free to the upside from a bullish pennant structure via the 60-minute chart view.
Spot rate: 136.05
Relative change: -2.15%
|Today last price||6610.26|
|Today Daily Change||-158.12|
|Today Daily Change %||-2.34|
|Today daily open||6768.38|
|Previous Daily High||6861.94|
|Previous Daily Low||6403.85|
|Previous Weekly High||6951.22|
|Previous Weekly Low||4437.02|
|Previous Monthly High||10511.86|
|Previous Monthly Low||8431.17|
|Daily Fibonacci 38.2%||6686.95|
|Daily Fibonacci 61.8%||6578.84|
|Daily Pivot Point S1||6494.17|
|Daily Pivot Point S2||6219.97|
|Daily Pivot Point S3||6036.09|
|Daily Pivot Point R1||6952.26|
|Daily Pivot Point R2||7136.15|
|Daily Pivot Point R3||7410.35|
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