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  • Bitcoin price appears to be itching for a breakout, just a matter of time, however trading flag on Monday.
  • BTCUSD has formed a bull flag, but within a large wedge pattern.

 

BTC/USD 30-minute chart

 

Spot rate:                                    6709.9

Relative change:               +0.04%

High:                                                   6745.2

Low:                                                      6663.0

 

Trend:                                                 Neutral

 

 

Support 1:                                  6688.6, 100MA.

Support 2:                                    6667.6, lower part of bull flag.

Support 3:                                   6585.6, lower part of wedge pattern.

Resistance  1:                        6724.3, 50MA.

Resistance 2:                         6742.8, upper part of bull flag.

Resistance 3:                          6777.4, (resistance on 30-minute chart)>