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  • Bitcoin price is trading in positive territory, up 1.05% in the second half of the session. 
  • BTC/USD is being capped for the time being by a barrier at $7500.
  • The price has been consolidating near-term, following the critical $7000 breakthrough. 

 

BTC/USD daily chart

The next major daily barrier should be noted at $7500, a breakdown here can open the door to a fresh wave of buying momentum. 

BTC/USD 60-minute chart

60-minute supply runs from $7400-7500 price range, capping further upside. A near-term ‘m’ structure is observed via the hourly chart view.

 

Spot rate:                 7413.20

Relative change:     +1.05%

High:                        7426.72

Low:                         7154.70