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  • Bitcoin price is trading in positive territory, up 0.95% in the second half of the session. 
  • BTC/USD bulls must breakdown a barrier at $9500-600 for greater gains north. 
  • The price over the last six sessions has been narrowing, following strong moves last week. 

 

BTC/USD weekly chart

The price managed to close up in the green last week above the psychological $9000 mark. 

BTC/USD daily chart

Price action is narrowing within a potential pennant structure, subject to a breakout. 

 

Spot rate:                9279.38

Relative change:     -0.50%

High:                        9614.05

Low:                         9144.45