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  • Bitcoin price late on Friday holding very minor gains of some 1%.
  • BTC/USD bears are testing a vital ascending trend line, which has been in play since the start of February.


The Bitcoin price late on Friday was seen trading with minor gains of some 1%, after a generally range-bound trading session. BTC/USD remains very much vulnerable to downside risks underneath the $4000 mark.

BTC/USD price action near-term is being supported to the upside by an ascending trend line. This has been running since 8th February. The bears continue to flirt with this vital area of support, subject to a possible breach given the number of attempts.

Looking via the daily confluence detector, the chunky upside barriers should be noted at; $3849.42, weekly 38.2% Fibonacci, $3389.32, monthly 38.2% Fibonacci, daily pivot point support resistance, $4008.81, weekly 23.6% Fibonacci.

BTC/USD daily confluence detector