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Bitcoin technical analysis: BTC/USD seven consecutive days of gains; jumping some 25%

  • Bitcoin price is running with strong gains on Monday, over 7% in the session.
  • BTC/USD bulls are running at their seventh consecutive session in the green.  
  • The price is up over 26% within the noted period, as it makes another attempt at all-time highs.  

 

Spot rate:                  11,794.10

Relative change:       +7.50%

High:                          11,858.66

Low:                           10,978.69

BTC/USD 60-minute chart

  • Price action moving within a bullish pennant structure via the 60-minute view.  

 

BTC/USD daily chart

  • The next major barrier of interest for the bulls will be $12,500-13,000 price range, where it has faltered in late June and early July.  

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