- Bitcoin price on Monday is trading in positive territory by 1.80%.
- BTC/USD there is much supply eyed between $10,500-11,000 price range.
- Price action is stuck within another daily bearish pennant structure, subject to downside risks.
Spot rate: 10,378.42
Relative change: +1.80%
BTC/USD daily chart
- The price is moving within a triangular structure, with a head and shoulders patterns eyed.
BTC/USD 60-minute chart
- Price action via the 60-minute chart view is subject to downside risks, with the $10,000-9,500 demand area eyed.