- Bitcoin price is trading in positive territory, up 4.50% in the second half of the session.
- BTC/USD trading conditions remain very much narrow within a bearish pennant.
- The psychological $5000 price mark is preventing a free-fall of Bitcoin for now.
BTC/USD daily chart
Conditions via the daily chart view remain very much tight, with another drop looming.
BTC/USD 60-minute chart
Price action is trading just outside of a bearish flag structure via the 60-minute chart view.
Spot rate: 5270.10
Relative change: +4.50%
High: 5467.40
Low: 4936.46
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