- Bitcoin price in the session on Tuesday is trading with losses of some 0.60%.
- The price had staged a rebound over the past five sessions, closing consecutively in the green, following the bounce around $9,500.
- BTC/USD price action is moving within a narrowing triangular structure, moving closer towards a breakout.
- The bulls must break down supply running from $10,500-11,000 range.
Spot rate: 10,533.49
Relative change: +0.50%
High: 10,650.67
Low: 10,441.78
BTC/USD daily chart
- Price action is narrowing within a large triangular structure, subject to a breakout.
BTC/USD 60-minute chart
- There is a supply zone that runs from $10,500 up to the $11,00 price mark.
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