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  • Bitcoin price is trading in positive territory, up 2.95% in the second half of the session. 
  • BTC/USD price action has been stuck within consolidation mode for going on eight sessions. 
  • The key for greater upside will be for a break down of the $9500 price barrier.

BTC/USD daily chart

The price is having some difficulty with breaking down the high area in November 2019, as noted above, 9200 – 9500 price range. 

                     

BTC/USD 60-minute chart

Price action has been narrowing within a range block formation via the 60-minute chart view. 

Spot rate:                9428.50

Relative change:     +2.90%

High:                        9271.40

Low:                         9150.00