Search ForexCrunch
  • Bitcoin  price is trading marginally in the red, down some 1.20% in the second half of the session.  
  • BTC/USD broke out of narrowing range block that had been containing the price for over two weeks.  
  • Should the retest that is in play of the breached range hold, then further buyers may swarm into action.    


BTC/USD daily chart

The next major barrier for BTC/USD to the upside via the daily would be the psychological $10,000 mark.  

BTC/USD 60-minute chart

 The retest of the range block must hold for greater upside, or face falling back within.  


Spot rate:                   8,487.26

Relative change:       -1.20%

High:                          8,868.54

Low:                           8,455.94