Ken Chigbo
Independent Analyst
- Bitcoin price is trading in negative territory, down some 1.45% in the second half of the session.
- BTC/USD price action is further narrowing within a pennant structure, subject to a breakout.
- Big supply area is seen running from $9100-9500, ahead of the psychological $10,000 mark.
BTC/USD weekly chart
The region of $9000 to $9500 remains a difficult hurdle for the bulls to break down.
BTC/USD daily chart
BTC/USD price action via the daily chart view continues to narrow within a bullish pennant, subject to a breakout.
Spot rate: 9,277.10
Relative change: -1.40%
High: 9,487.54
Low: 9,176.08
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