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  • 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.