- Bitcoin price is trading in positive territory, up some 0.10% in the second half of the session.
- BTC/USD is moving within consolidation mode, after some high volatility over the last couple of sessions.
- Price action produced a double bottom formation via the daily chart view.
BTC/USD weekly chart
Weekly price action is moving within a bearish pennant structure, subject to a potential breakout south.
BTC/USD daily chart
A daily double bottom formation is eyed via the daily chart view, neckline tracking at $7500-800 range, where supply is also seen.
Spot rate: 7150.86
Relative change: +0.10%
High: 7190.74
Low: 7076.77
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