Ken Chigbo
Independent Analyst
- Bitcoin price on Wednesday trading up with gains of some 2.15% in the latter part of the session.
- BTC/USD price action via the daily remains supported by a vital ascending trend line.
- Bulls managed to extend to the upside breaking out from a descending channel formation.
Spot rate: 4002.15
Relative change: +2.15%
High: 4033.13
Low: 3914.56
Trend: Bullish
BTC/USD 60-minute chart
- Near-term price action moving within a bullish flag pattern formation, subject to a breakout.
BTC/USD daily chart
- Daily price action continues to be supported by vital ascending trend line.
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