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Bitcoin technical analysis: BTC/USD price remains vulnerable as it tests critical near-term demand zone

FX Street

Updated: 30 Jul. 2019 | 15:27

Bitcoin price in the second half of Tuesday is trading marginally in the green, gains of 0.70%.
BTC/USD is being comforted for the time being by key demand, $9500-9200 range.
Price action is beginning to narrow within a triangular structure.

Spot rate: 9558.19

Relative change: +0.40%

High: 9611.31

Low: 9374.99

BTC/USD 60-minute chart

Price action continues to move within a channel structure, potentially a bearish flag.

BTC/USD daily chart

The price is starting to narrow greatly within a triangular structure, subject to a growing break out.

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