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  • Bitcoin price on Monday was trading marginally in negative territory, down just 0.10% through the mid-point of the session.  
  • BTC/USD price action has formed a bullish flag pattern, subject to a breakout north.  
  • Bitcoin has seen some minor under-performance in comparison to it peers. Still appearing to be much caution with commitment here for now.  

BTC/USD 60-minute chart  

Spot rate:                   6415.6

Relative change:       -0.10%

High:                          6464.0

Low:                           6316.9

Trend:                        Neutral

Resistance  1:            6417.0, upper part of bull flag.

Resistance  2:            6442.1, supply area.

Resistance  3:            6485.3, daily pivot point resistance.

Support 1:                 6384.0, lower part of bull flag.

Support  2:                 6372.6,  50MA.

Support  3:                 6338.2, daily pivot point support.