Bitcoin technical analysis: BTC/USD price action is nearing a large potential breakout
|- Bitcoin price in the session on Monday is trading with gains of some 3.50%.
- BTC/USD price action is narrowing within a triangular structure, subject to a breakout.
- Key resistance can be observed running from $11,000-11,500, via the daily.
Spot rate: 10,718.95
Relative change: +3.50%
High: 10,792.46
Low: 10,267.36
BTC/USD daily chart
- There is a chunky barrier which is seen from $11,000-11,500 range.
BTC/USD 60-minute chart
- Price action is narrowing within a pennant structure, subject to a breakout north.
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