Bitcoin technical analysis: BTC/USD bulls are struggling with big supply $12,000-500 range

• Bitcoin price on Tuesday is trading in minor positive, gains seen of some 0.10% in the latter part of the day.  
• BTC/USD bulls are pushing the price towards its eighth consecutive session in the green.  
• The bulls have been struggling to breakdown the heavy supply, $12,000-500 range.

Spot rate:                  11,809.76

Relative change:       -0.05%

High:                          12,325.08

Low:                           11,524.52

BTC/USD 15-minute chart

• A critical near-term demand zone can be seen from $11,700-11,550 range.  

BTC/USD daily chart

• There is a chunky range of supply, which runs from $12,000-500 territory.