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Bitcoin technical analysis: BTC/USD hit with devastating rejection, after failing to break through game-changing resistance

  • Bitcoin  price in the session on Tuesday is trading with losses of some 1.20%.
  • BTC/USD bulls were hit with rejection again, after failing to break out of the narrowing triangular structure.  
  • BTC/USD via the daily view continues to move within a narrowing triangular structure.  

 

Spot rate:                   10,211.713

Relative change:       +0.70%

High:                          10,387.07

Low:                           10,166.49

 

BTC/USD daily chart

  • Price action yesterday made an attempt to break down support of a game-changing area of resistance. The bulls, however, failed to find enough momentum for a breach.  

BTC/USD 60-minute chart

  • The price via the 60-minute view is moving within a narrowing range-block, a low of $10,150 to a high of $10,600.

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