- Bitcoin price well into the second half of the session on Thursday is holding decent gains of 2.5%.
- BTC/USD price action is moving within a bullish flag pattern formation, subject to a breakout.
- The bulls are making strong way back towards the $6000 price territory, as they breakdown barriers.
Spot rate: 5414.63
Relative change: +2.50%
High: 5421.31
Low: 5308.53
BTC/USD 60-minute chart
- A near-term ascending trend line can be seen supporting the bulls in their current track to the north.
BTC/USD daily chart
- The price is moving within a bullish flag pattern formation, eyes are on a potential breakout to the upside with $6000 in reaching distance.