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  • Bitcoin price in the second half of the session on Tuesday, trading in very minor positive, up some 0.15%.
  • BTC/USD looking to stage a rebound for a retest of a key breached ascending trend line. If a rejection is seen here, then there could be big trouble.
  • Bulls are looking to end current losing streak, with Bitcoin running at its third consecutive session in the red.  

 

Spot rate:                  3909.93

Relative change:       +0.15%

High:                         3925.14

Low:                          3881.34

 

Trend:                        Neutral  

BTC/USD 60-minute chart

  • A big area of demand coming into play via the 60-minute, producing somewhat of a double bottom.  

BTC/USD daily chart

  • Price has bounced within the $3800 price region, subject to a potential retest of breached ascending trend line.