- 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.