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  • Bitcoin price is trading in positive territory, up 5.05% in the second half of the session. 
  • BTC/USD has managed to find some critical support, at an ascending trend line. 
  • The noted support has been comforting the price since late December 2019. 

 

BTC/USD weekly chart

The price last week closed heavily in the red, it’s worst weekly performance since November 2019. 

BTC/USD daily chart

Bears smashed out of a range-block formation, which inviting a strong wave of downside pressure. 

 

Spot rate:                 8872.93

Relative change:      +5.05%

High:                        8886.02

Low:                         8489.52