- Bitcoin price on Tuesday is trading firmly in the green, as the bulls turn it back up notch. Gains of over 3% observed in the second half of the session.
- BTC/USD bulls are looking to dive deep into the $6000 territory, with the next major supply area eyed at $6600-800 range.
Bitcoin price in the second half of trading on Tuesday is trading with decent gains of over 3%. The BTC bulls have jumped back in firm control, after a quiet couple of past sessions, eyes on deep moves within $6000 territory.
BTC/USD bulls further capitalize on a breakout and retest of a bullish flag technical structure, which was seen late last week. The price is without a fail on a strong path to recovery and has been since the start of the year.
Looking via the daily confluence detector, firstly the barriers of resistance; $5906.19, daily pivot point resistance, 161.8% daily Fibonacci, $5967.30, daily and weekly point resistance. To the downside in terms of support; $5783.98, daily pivot point support, $5661.77, daily 38.2% Fibonacci.
BTC/USD daily confluence detector
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