- Bitcoin price is trading in the green, up some 1.50% in the second half of the session.
- BTC/USD bulls are maintaining momentum to the upside, running at five consecutive days in the green.
- A break down of the barrier the $7500, has opened the door to greater buying pressure.
BTC/USD daily chart
Bulls successfully tackled the $7500 barrier, which had previously proven to contain the price since the back-end of November. The breach has allowed the bulls to regain full price control for now.
BTC/USD 60-minute chart
Price action is struggling with the $8000 breach, a retreat could be in order, back towards a $7500 retest. An ascending trend line can be seen as support.
Spot rate: 7827.25
Relative change: +1.50%
High: 7999.84
Low: 7763.00
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