- Bitcoin price is trading in the green, down marginally by some 5.50% in the second half of the session.
- BTC/USD bulls regather some upside momentum, after briefly breaching the $7000 territory.
- Price action is moving within a narrowing pennant structure, subject to a potential breakout south.
BTC/USD 60-minute chart
The chunky area of supply can be observed in the run-up to the $7500 price barrier.
BTC/USD daily chart
Bulls are making an attempt to break above a bearish pennant structure, the upper acting barrier is seen at $7500.
Spot rate: 7150.86
Relative change: -0.65%
High: 7362.28
Low: 6856.63
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