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  • 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.