- Bitcoin price on Monday is trading in the green, holding minor gains of some 0.50%.
- BTC/USD is within consolidation mode, which has formed a bullish pennant pattern formation.
- Bulls are locked in on the $5500 price region as the next major target area.
Spot rate: 5052.78
Relative change: +0.55%
High: 5086.54
Low: 5021.5
BTC/USD 60-minute chart
- Decent buying continues to protect the price around the $5000 territory, preventing a free-fall south.
BTC/USD daily chart
- Price action is moving within a bullish pennant pattern formation, subject to a breakout higher.
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