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  • Bitcoin price on Thursday late in the session is nursing losses of some 0.90%.
  • BTC/USD price action via the weekly is running towards its fourth consecutive week in the green.
  • Should the bulls push for a weekly closure above $12,000 it could open the door for a fast move up to $15,000 territory.  

 

Spot rate:                   11,858.56

Relative change:       -0.88%

High:                          12,198.80

Low:                           9,657.12

BTC/USD 60-minute chart

  • Near-term price action via the 60-minute chart view is moving within a pennant structure.  

 

BTC/USD weekly chart

  • There is a large weekly barrier at $12,000. which must be broken down for greater upside pressure.