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Bitcoin price in the session on Tuesday is trading with losses of some 0.60%.
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The price had staged a rebound over the past four sessions, closing consecutively in the green.
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BTC/USD price action is moving within a critical demand area, running from $9500 – 10,000.
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A barrier can be seen at the pychological $10,500 price territory.
Spot rate: 10,319.10
Relative change: +0.50%
High: 10,501.90
Low: 10,284.43
BTC/USD daily chart
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Price action is narrowing within a large triangular structure, subject to a breakout.
Chart to follow.
BTC/USD 60-minute chart
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The supply around $10,500 area can clearly be seen as the price losses momentum.
Chart to follow.
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