- Bitcoin price is trading in positive territory, up 1.00% in the second half of the session.
- The price is pushing for another big retest of a breached bearish flag structure.
- A chunky barrier of resistance runs from $6500-$7000 price range.
BTC/USD daily chart
A breach of a bearish flag was observed in the session of 29 March, with the bulls trying to push back above to void the structure.
BTC/USD 60-minute chart
Price action formed a narrowing range structure, which could be viewable also as a bullish pennant structure, should the bulls take advantage.
Spot rate: 6468.12
Relative change: +0.99%
High: 6525.83
Low: 6338.36
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