- Bitcoin price on Monday is nursing minor losses of 1.5%, after a decent jump on Sunday.
- BTC/USD bulls made a chunky jump to the upside on Sunday, out of a pennant structure.
BTC/USD 15-minute chart
- A near-term break lower has been seen from a range-block, to move towards a retest of the pennant.
Spot rate: 4106.6
Relative change: -1.48%
High: 4197.0
Low: 4044.9
Trend: Bearish/Neutral
Support 1: 3829.56, daily pivot point support.
Support 2: 3798.56, daily pivot point support.
Support 3: 3778.07, daily pivot point support.
Resistance 1: 3881.05, daily pivot point resistance.
Resistance 2: 3901.54, daily pivot point resistance.
Resistance 3: 3932.54, daily pivot point resistance.
BTC/USD 4-hour chart
- The price is retesting the breached pennant pattern, ahead of further potential moves north.
BTC/USD daily chart
- Bulls made a big escape from the confinement of a bullish pennant structure.
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