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  • Bitcoin price on Monday is trading up in very minor positive territory, small gains of just some 0.10%.
  • BTC/USD bulls are gradually trying to breakdown a difficult area of supply $5200-500 range.  
  • Should the bulls manage to breakdown the noted supply zone, a clean return to $6000 could be seen very quickly.  

Spot rate:                   77.08

Relative change:       -0.40%

High:                          78.22

Low:                           75.54

BTC/USD 60-minute chart

  • 60-minute chart view sees the price moving within a near-term ascending wedge pattern formation.  

BTC/USD daily chart

  • BTC/USD are moving slowly within a chunky area of supply, $5200-500, proving not to be an easy task, but gradually being worked on by the bulls as can be seen.