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Bitcoin technical analysis: BTC/USD another opportunity for the bulls tracking closely to a critical barrier

  • Bitcoin  price in the session on Monday is trading with minor gains of some 0.10%.

  • BTC/USD bulls are trading ever so close to a critical barrier of resistance, as part of a narrowing triangular structure.    

  • A game-changing barrier appears to be at the round pychological $10,500 mark.  

 
Spot rate:                   10,334.10

Relative change:       -0.90%

High:                          10,376.76

Low:                           10,289.73

 

BTC/USD daily chart

  • BTC/USD is flirting with a barrier of resistance, the upper acting trend line of a large narrowing triangular structure.

BTC/USD 60-minute chart

  • Price action is narrowing within a range-block formation, subject to an imminent breakout.  

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