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  • 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