- Bitcoin price is trading marginally in the green up some 1.50% in the second half of the session.
- BTC/USD bulls have broken out from a bearish pennant structure, subject to further buying pressure.
- The next major barrier of resistance is eyed at $8500, which could open the door to a $10,000 return.
BTC/USD daily chart
The price has edged out from a pennant structure, making room for greater buying momentum.
BTC/USD 60-minute chart
Near-term price action is breaking out from a bearish flag structure, making room for further upside pressure.
Spot rate: 8,410.50
Relative change: -0.20%
High: 8,518.51
Low: 8,199.99
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