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  • Bitcoin price on Tuesday is trading up with solid gains of some 3.5% in the second part of the session.  
  • BTC/USD bulls are underway breaking down chunky resistance seen within the $5500-600 range.    
  • A daily closure above the big supply noted above, should provide further upside buying pressure.  

Spot rate:                   5571.86

Relative change:       +3.50%

High:                          5632.62

Low:                           5363.01

 

BTC/USD 60-minute chart

  • BTC/USD via the 60-minute has produced a bullish flag formation, subject to a further potential move north.  

 

BTC/USD daily chart

  • Bulls are smashing through the chunky area of supply, tracking from $5500-600 range, a daily closure above would be detrimental for further gains north.