Bitcoin Price Analysis: BTC/USD bulls need to hold above $7500 to maintain upside momentum
|- Bitcoin price is trading in negative territory, down 0.50% in the second half of the session.
- BTC/USD forced a critical closure above the barrier of $7500.
- The bulls will likely be gunning for a wick fill of Thursday’s candle, pressing for $8000.
BTC/USD daily chart
The price was able to force a critical closure above $7500, which will likely be very encouraging for further buyers.
BTC/USD 60-minute chart
Price action has formed an m structure, testing the neckline to the downside.
Spot rate: 7450.25
Relative change: -0.50%
High: 7609.48
Low: 7390.53
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