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  • Bitcoin price on Thursday is trading in very minor positive territory holding gains of some 0.40%.  
  • BTC/USD price continues to move within a deadly bearish flag formation, subject to a breakout south.  
  • If the lower part of the current daily range, $3600 area sees a breach, then a chunky wave of selling pressure may follow.  

BTC/USD 15-minute chart

  • Ascending trend line near-term is supporting the price and preventing a fresh bout of selling pressure.  

 

Spot rate:                 3867.62

Relative change:       +0.43%

High:                         3890.02

Low:                          3829.47

 

Trend:                        Neutral

 

Trends:
       Daily SMA20:  3791.34
       Daily SMA50:  3631.43
       Daily SMA100:  3700.09
       Daily SMA200:  5048.33
Levels:
       Previous Daily High:  3893.15
       Previous Daily Low:  3810.31
       Previous Weekly High:  4187.25
       Previous Weekly Low:  3659.1
       Previous Monthly High:  4187.25
       Previous Monthly Low:  3338.98
       Daily Fibonacci 38.2%:  3861.5
       Daily Fibonacci 61.8%:  3841.96
       Daily Pivot Point S1:  3810.21
       Daily Pivot Point S2:  3768.84
       Daily Pivot Point S3:  3727.37
       Daily Pivot Point R1:  3893.05
       Daily Pivot Point R2:  3934.52
       Daily Pivot Point R3:  3975.89

 

BTC/USD 4-daily  chart

  • BTC/USD remains vulnerable given the current bearish flag formation via  daily  chart.