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  • Bitcoin price on Wednesday is trading in the green, gains seen of some 0.50%.  
  • BTC/USD over the last two sessions despite the small gains has been trading within consolidation mode.
  • Bulls are eyeing the next major barrier to tackle, seen up at around $6500-800, ahead of $7000.

 

Spot rate:                   5887.03

Relative change:       +0.50%

High:                          5914.58

Low:                           5664.63

BTC/USD 60-minute chart

  • Consolidation can be witnessed via the 60-minute, the price moving within a near-term ascending wedge, potentially even a bearish flag structure.  

BTC/USD daily chart

  • Price remains trading very close to the upper part of the breached bullish flag structure.