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Bitcoin Price Analysis: BTC/USD two barrier in the way of rocketing higher

  • Bitcoin price is trading in negative territory, down 0.40% in the second half of the session. 
  • BTC/USD is consolidating, after the scare earlier in the week,r finding critical support at $9500. 
  • There are two key barriers to the upside seen at; $10,250 and then $10,500. 

BTC/USD daily chart

Price action over the last twelve sessions has failed to establish any committed trend, as the price consolidates. 

                     

BTC/USD 60-minute chart

The price has breached a near-term bullish flag structure via the 60-minute, a retest can be seen underway a the time of writing.  

 

Spot rate:                 10,030.00

Relative change:     -0.40%

High:                         10,260.93

Low:                          10,040.39

 

 

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