Bitcoin price on Friday has managed to bounce higher after starting the session initially on the back foot, after heavy selling late Thursday. BTC/USD is sitting on a critical ascending trend line of support, a breach would be catastrophic, potentially bringing $4000 back into play. Near-term price action via the near-term via, 60-minute, appears vulnerable to further downside. Spot rate: 5160.71 Relative change: +3.55% High: 5286.82 Low: 5060.74 BTC/USD 60-minute chart Price action via the 60-minute chart view is moving within a bearish pennant structure. BTC/USD daily chart The price is sitting on a game-changing trend line of support, failure to hold could force a steep drop down to $4000. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next NFP leading indicators: Disappointing Michigan Consumer Sentiment anticipates negative signal for US jobs report FX Street 3 years Bitcoin price on Friday has managed to bounce higher after starting the session initially on the back foot, after heavy selling late Thursday. BTC/USD is sitting on a critical ascending trend line of support, a breach would be catastrophic, potentially bringing $4000 back into play. Near-term price action via the near-term via, 60-minute, appears vulnerable to further downside. Spot rate: 5160.71 Relative change: +3.55% High: 5286.82 Low: … Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
