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  • Bitcoin price is trading in positive territory, up 0.40% in the second half of the session.  
  • BTC/USD has some momentum back in favour of the market bulls.  
  • Price action produced a double bottom formation via the daily chart view.

 

BTC/USD weekly chart

Critical weekly resistance can be observed around the $7700-800 range, in line with the double bottom neckline.


 

BTC/USD daily chart

A daily double bottom formation is eyed via the daily chart view, the bulls are pressing towards the neckline, tracking at around $7750.

 

Spot rate:                   7550.85

Relative change:       +0.55%

High:                         7639.83

Low:                           7461.63