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  • 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.