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  • Bitcoin price is trading in positive territory, up 5.80% in the second half of the session. 
  • BTC/USD price action is breaking out of a narrowing four-session range. 
  • There still remains some sticky supply within the early $7000 region, which bulls are working on.  

BTC/USD weekly chart

Bitcoin managed to see another closure in the green, marking it four consecutive weeks.

BTC/USD daily chart

The price had formed a bullish pennant structure, which is inviting further upside pressure. 

Spot rate:                 7175.50

Relative change:     +5.80%

High:                        7179.73

Low:                         6773.83