Bitcoin Price Analysis: BTC/USD consolidates and the next move could be important

  • Bitcoin trades 0.45% higher as crypto sentiment remains high.
  • Now the price is holding between 10,522.51 and 10,083.10.

BTC/USD 60-Minute Chart

As you can see from the 60-minute chart below the price has moved into a clean channel.

Now the BTC/USD pair is at a pivotal point stuck between 10,522.51 and 10,083.10.

There has been some support at 10,100 but if that support is broken it will make a lower high lower low.

That could indicate a change in the short term trend to the downside.

A sustained move above 10,500 is what the bulls are looking for and the majority of the volume peaks are still supporting the buy-side.

Bitcoin Analysis

Additional Levels

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