- Bitcoin was attacked by the bears last on Thursday, the price is again within consolidation mode on Friday.
- BCH/USD still looks vulnerable to further selling, given a break from a supporting wedge pattern and the retest.
- 24th June lows and demand area came into play for support of Bitcoin.
BTC/USD 15-minute chart
Spot rate: 5865.40
Relative change: +0.30%
High: 5960.00
Low: 5780.00
Trend: Bearish
Support 1: 5842.30, (support on 15-minute chart).
Support 2: 5799.80, (support on 15-minute chart).
Support 3: 5750-80, demand zone.
Resistance 1: 5880.3, 50MA.
Resistance 2: 5912.90, underneath wedge pattern.
Resistance 3: 5962.00, 100MA.
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