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Bitcoin Technical Analysis: BTC/USD bulls have clear room to run

  • Bitcoin price in the second half of the session on Friday is trading well into the green, big gains of over 6%.  
  • BTC/USD price is running at fresh session highs, breaking out from a bullish flag structure.
  • The price isn’t too far away from moving back to pre-November fall levels.

Spot rate:     5760.61              

Relative change:   +6.60%

High:             5795.46                

Low:              5365.95        

BTC/USD 60-minute chart

  • Price action picked up the pace to the upside after breaking out from a range-block formation from 30 April, following a brief dip in the price.  

BTC/USD daily chart

  • Bulls smash out from bullish flag pattern structure, much room to press further north.  

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