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  • Bitcoin is seen trading down marginally on Friday, as price  continues  to remain  within  consolidation mode.  
  • BTC/USD continues to move within a range-bound fashion, ahead of next move.
  • Price action has formed a bull flag pattern, which does look subject to an extended move north.  


BTC/USD 60-minute chart


Spot rate:                    7463.6

Relative change:         -0.13%

High:                           7519.9

Low:                            7341.3


Trend:                          Neutral


Resistance  1:             7519.0, upper part of bull flag.

Resistance 2:              7588.5, (resistance on 60-minute chart).

Resistance 3:             7700.0, supply zone.

Support 1:                  7413.3, 50MA.

Support 2:                  7313.6, lower part of bull flag.

Support 3:                  7270.1, demand zone.