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  • Bitcoin nursing minor losses in the early part of trading on Friday, down just some 1.6%.
  • BTC/USD is testing an ascending trend line to the downside. At risk of a breach.
  • Should the above mentioned support give way the price could easily fall down to retest $3500.

 

BTC/USD 4-hour chart

 
 

Spot rate:                   4169.71

Relative change:       -1.63%

High:                          4398.23

Low:                           4149.66

 

Trend:                         Bearish

 

Support 1:                   4150.00, ascending trend line.

Support 2:                   4088.24, daily pivot point support.

Support 3:                   3930.33, daily pivot point support.  

Resistance 1:              4404.27, daily pivot point resistance.

Resistance  2:              4562.39, daily pivot point resistance.

Resistance  3:              4720.30, daily pivot point resistance.

 

BTC/USD 60-minute chart

  • BTC/USD can be seen testing the supporting ascending trend line to the downside, risk of breach.