- Bitcoin price on Wednesday is trading in minor negative territory, down just shy of 1%.
- BTC/USD daily price action is being forced to slow down within the supply area $5500-600 range, proving some difficulty.
- The price is flirting within the above-noted zone, now using as support, ahead of a potential committed breakthrough.
Spot rate: 5464.82
Relative change: -0.95%
High: 5622.53
Low: 5392.90
BTC/USD 60-minute chart
- Price action via the 60-minute chart view is supported by a near-term ascending trend line, preventing a free-fall.
BTC/USD daily chart
- The price is facing stubborn supply zone tracking from $5500-600, a game-changing barrier.
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