Bitcoin Technical Analysis: BTC/USD bulls losing some ground in final barrier ahead of $10,000

  • Bitcoin price Wednesday is trading in minor territory in the second half of the session, down some 0.4%. 
  • BTC bulls are having some problems breaking down chunky supply barrier from $8000-8500. 
  • The noted barrier is the last major resistance ahead of $10,000 price return.  

 

Spot rate:                  7949.58

Relative change:      -0.45%

High:                         8183.13

Low:                          7839.60

 

BTC/USD 60-minute chart

  • Price action is narrowing within a range-block formation, as it consolidates, breakout eyed. 

BTC/USD daily chart

  • Barrier running from $8000 - 8500 is causing some problems for the bulls in their move north. 

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