Ken Chigbo
Independent Analyst
- Bitcoin price is trading in negative territory, down 0.30% in the second half of the session.
- BTC/USD has made steady progress after conquering the $7500 barrier, which is a new support area.
- The momentum higher came following a critical bullish pennant breakout.
BTC/USD weekly chart
Bitcoin is now running towards its seven consecutive weeks in the green, following another positive close.
BTC/USD daily chart
The price was able to continue upside momentum, squeezing and holding about $7500 a critical resistance barrier, now new support. There is room for an $8000 return.
Spot rate: 7679.19
Relative change: -0.30%
High: 7805.02
Low: 7637.51
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