Ken Chigbo
Independent Analyst
- Bitcoin price is trading in positive territory, up +1.40% in the second half of the session.
- BTC/USD bulls are firmly back into control following a break north of $8500 again.
- A big boost for the bulls as the $9000 price mark is reclaimed.
BTC/USD daily chart
Price action is heading for a big retest of last week’s high print up at $9190. Should the bulls successfully break above this, a further wave of upside momentum may very well follow.
BTC/USD 60-minute chart
Supply observed via the 60-minute chart view is struggling with supply in the $9100-9150 region.
Spot rate: 9009.70
Relative change: +1.30%
High: 9185.76
Low: 8894.63
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