Bitcoin technical analysis: BTC/USD price is consolidating outside of bullish flag

2Bitcoin price is trading in positive territory, up some 0.50% in the second half of the session.
BTC/USD price action is within consolidation mode, failing to attract commitment.
The bulls must again breakdown and hold above the $9000 price mark for greater upside.

Ken Chigbo Independent Analyst

BTC/USD weekly chart

The price is sitting just on top of a breached weekly flag structure.

BTC/USD daily chart

Daily price action is also moving within a bullish flag, subject to a potential breakout higher.

Spot rate: 8,771.49

Relative change: +0.50%

High: 8,838.90

Low: 8,707.85

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Hyperliquid price forecast: Bullish interest builds amid user recovery

Hyperliquid (HYPE) trades at $25 at press time on Monday, holding the 3% gains from the previous day. The perpetual exchange sees a recovery in active users, while weekly fees collected decline to the lowest level so far this month.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple eye breakout for fresh recovery

Bitcoin, Ethereum, and Ripple are approaching key technical levels on Monday as the broader crypto market stabilizes. Market participants are closely watching whether BTC, ETH, and XRP can sustain breakouts and achieve decisive daily closes above nearby resistance levels.