Bitcoin Technical Analysis: BTC/USD must breakdown $4000-4100 supply

• Bitcoin price on Friday sees bulls bounce back trading up in the session with gains of some 1.80%.
• BTC/USD chunky near-term supply seen within the $4000-4100 region.
• Should the bulls manage to breakdown the above-noted area, then a decent wave of buying pressure could come into play.  

Spot rate:                  4080.19

Relative change:       -1.80%

High:                         4100.76

Low:                          4007.08

Trend:                        Bearish/Neutral

BTC/USD 60-minute chart

• Price action extended to the upside out from a range-block formation after the bulls forced a decent escape.  

BTC/USD daily chart

• The price via the daily has been well-supported by an ascending trend line, but bulls must breakdown heavy supply between 4000-4100 territory.