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  • Bitcoin price on Friday was nursing losses of around 0.90% through the mid-point of the session.
  • Bears extend the move south, following BTC/USD breaking a key near-term supporting ascending trend line to the downside.
  • Price sees firm rejection at 61.8% Fibonacci, after it attempted to climb back north.

 

BTC/USD 60-minute chart  


 
 

Spot rate:                   6342.7

Relative change:       -0.91%

High:                          6417.5

Low:                           6334.5

 

Trend:                        Bearish.

 

Support 1:                 6331.0, 38.2% Fibonacci.

Support  2:                 6320.6, daily pivot support.  

Support  3:                 6247.3, daily pivot support.

Resistance  1:            6369.5, 50% Fibonacci.

Resistance  2:            6409.0, 61.8% Fibonacci.

Resistance  3:            6479.7, daily pivot resistance.