BTC/USD bulls are gradually building blocks for a big breakout

Bitcoin price is trading in minor positive territory on Wednesday, up with gains of 0.15%. BTC/USD daily ascending trend line continues to support the bulls in their recovery.  Bulls are gradually chipping away the away of supply seen in the early part of the $4000 price territory. 

 

Spot rate:                 4002.11

Relative change:      -0.13%

High:                        4017.20

Low:                         3963.92

BTC/USD 60-minute chart

Price action is moving within a narrow range-block formation, subject to a potentially explosive breakout to the upside. 

BTC/USD daily chart

Long-running ascending trend line still playing a huge part in the bulls push for recovery.  Supply zone running from $4000-4100 price range, capping upside momentum. 

 

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