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  • Bitcoin  price in the second half of Tuesday is trading in minor positive territory, gains of around 1%.  
  • BTC/USD is moving within a bullish flag structure seen via the daily chart view, subject to a breakout.  
  • There is a strong area of support – demand protecting the $5000, which could very well be the new bottom area.  

 

Spot rate:                  5201.76

Relative change:      -0.95%

High:                         5219.93

Low:                          5129.19

BTC/USD 60-minute chart

  • Near-term chart view via the 60-minute is moving within a bearish flag pattern, subject to a breakout south, contradictory of the daily view.  

BTC/USD daily chart

  • Price action via the daily chart view is moving within a bullish flag pattern formation.