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  • Bitcoin price was seen trading very much flat on Thursday, after excessive volatility seen at the back end of Wednesday’s session.
  • BTC/USD price action continues to fluctuate within a very stubborn range, between 6100-600.

 

The Bitcoin price on Thursday, was observing some calm moments, trading broadly flat in the early part of the session. This comes after an excessive wave of volatility hit Bitcoin, during the back end of Wednesday’s session.

BTC/USD late on Wednesday saw a huge spike in volume, largest seen since the spike to the upside back on the 21st August. The price swung within the brutally tough range of $6600-100, touching both the upper and lower part of the range.

Technically, as covered at the back-end of Wednesday, there are still some vulnerabilities seen for BTC/USD, given the bear flag pattern read more.    Immediate support is seen at the 100MA (60-minute) tracking at $6370, a breach could see a slip to lower support around the lower $6200 territory. To the upside, not much in the way of $6500-600 area.

 

BTC/USD 60-minunte chart