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  • Bitcoin price on Thursday trading ever so marginally in the red, down some 0.10%.
  • BTC/USD moving within a range-block formation seen via the daily.  

BTC/USD 15-minute chart

  • Range-block trading, price very much confined within, vulnerabilities to the downside remain.

Spot rate:                3363.50

Relative change:     -0.10%

High:                        3381.56

Low:                         3360.10

 

Trend:                       Bearish

 

Support 1:                3323.24, daily pivot point support.

Support 2:                3279.26, daily pivot point support.

Support 3:                3219.54, daily pivot point support.

Resistance 1:           3426.94, daily pivot point resistance.

Resistance  2:           3486.66, daily pivot point resistance.

Resistance  3:           3530.64, daily pivot point resistance.

 

BTC/USD 60-minute chart

  • Price action has formed a bearish flag pattern formation, subject to further downside risks.  

BTC/USD daily chart

  • Price action continues to move within a range-block formation structure.