On Monday, the Bitcoin price was seen trading marginally in the green, towards the latter stages of trading.
In the last 7 weeks, the price action of BTC/USD has been next to none. It has been trading within a tight range of $6600-6000, a range which Bitcoin didn’t see this time last year. Finder’s latest crypto report from their nine cryptocurrency panel experts, gave a Bitcoin price forecast that says that the median is very much some distance away, $8200.
Bitcoin (BTC) Price Today – BTC / USD
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Technically, due to a breakout to the upside from a descending channel pattern, it left the door open for further buying. At present, a pullback is being observed towards the top of the pattern, $6300, this may give room for further buying.
Looking further to the south, the next major demand zone is seen down within the $6200 territory. Considering upside targets, chunky supply remains tracking from $6500-600 region.
