- Bitcoin price is trading in minor positive, up some 0.10% in the second half of the session.
- BTC/USD continues to consolidate underneath $9000 barrier and on top of critical support $8500.
- The price range is narrowing which is likely to lead to an explosive breakout.
BTC/USD daily chart
Consolidation via the daily continues to be observed, narrowing following the strong push higher last week. A barrier can be seen at the $9000 price mark, preventing further upside for now.
BTC/USD 60-minute chart
Price action is moving within a bearish pennant structure, a breakout could be punishing.
Spot rate: 8636.76
Relative change: +0.10%
High: 8677.14
Low: 8589.69
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