- Bitcoin price on Tuesday in the second part of the session is nursing losses of 1.5%.
- BTC/USD is at present via the daily retesting a breached pennant pattern structure.
- Should the formation prove to provide support, BTC could bounce off the pattern to then continue further north.
Spot rate: 7995.57
Relative change: -1.50%
High: 8109.72
Low: 7717.88
BTC/USD 60-minute chart
- The bulls forcing their way out from a bearish flag structure, preventing a free-fall south.
BTC/USD daily chart
- Bears have forced a retest of a breached daily pennant pattern structure, the support is holding at present, which is encouraging for the bulls.
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