- Bitcoin price is trading in positive territory, up 0.90% in the second half of the session.
- BTC/USD is at risk of a sizeable reversal if the week closes in the red.
- The price has been consolidating just below the breached long-running ascending trend line.
BTC/USD weekly chart
The price is heading for a possible weekly closure below last week’s close, which could be punished following the evening star formation.
BTC/USD daily chart
A barrier of resistance is observed to the upside at $9600-700 range. Support should be noted at $9500 and then $9000.
Spot rate: 9,606.40
Relative change: +0.90%