- 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
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