Home BTC/USD Technical Analysis: The intraday chart has converged into a tight consolidation zone

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BTC/USD Technical Analysis: The intraday chart has converged into a tight consolidation zone

FX Street

Published date: 19 Dec. 2019 | 23:32

Bitcoin volatility has been low this afternoon and price has now converged into a triangle pattern.
The price has been consolidating after the rise on Wednesday when Bitcoin took 7K once again.

BTC/USD 10-Min Chart

Bitcoin volatility has been very low in the US session.

On Wednesday BTC/USD had a decent price rise and pushed through 7K.

Now BTC/USD has converged into a triangle pattern and the price is headed toward the apex.

Today the volume has been predominantly on the buy-side, which could encourage the bulls.

Additional Levels

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