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  • Bitcoin  price in the session on Monday is trading with gains of some 3.50%.
  • BTC/USD price action is narrowing within a triangular structure, subject to a breakout.
  • Key resistance can be observed running from $11,000-11,500, via the daily.  

 

Spot rate:                   10,718.95

Relative change:       +3.50%

High:                          10,792.46

Low:                           10,267.36

 

BTC/USD daily chart

  • There is a chunky barrier which is seen from $11,000-11,500 range.

BTC/USD 60-minute chart

  • Price action is narrowing within a pennant structure, subject to a breakout north.