- Bitcoin price on Thursday is trading in negative territory by 2.2%.
- BTC/USD bulls were rejected again by heavy supply within the $12,000 territory.
- Price action is being supported by an ascending trend line via the daily chart view.
Spot rate: 11,649.15
Relative change: -2.20%
High: 12,021.88
Low: 11,625.47
BTC/USD 60-minute chart
- Price action broke out of a narrowing triangular structure, near-term support eyed at $11,500-200 range.
BTC/USD daily chart
- The price via the daily chart view is being supported to the upside by an ascending trend line.
Share
