- Bitcoin price is trading up with very marginal gains of some 0.5% into the second part of Friday.
- BTC/USD is demonstrating several vulnerabilities to another breakout to the downside.
BTC/USD 15-minute chart
- Price action was moving within an ascending wedge pattern, subject to a break lower.
Spot rate: 3607.65
Relative change: +0.45%
High: 3638.31
Low: 3602.34
Trend: Neutral
Support 1: 3491.94, daily pivot point support.
Support 2: 3393.91, daily pivot point support.
Support 3: 3220.3, daily pivot point support.
Resistance 1: 3763.58, daily pivot point resistance.
Resistance 2: 3937.19, daily pivot point resistance.
Resistance 3: 4035.22, daily pivot point resistance.
BTC/USD 60-minute chart
- Price action has cooled back south to an ascending trend line, which formed at the start of the 16th December uptrend.
BTC/USD daily chart
- Bears appear to be gunning back towards a retest of the December low area.
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