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  • 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