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Bitcoin technical analysis: BTC/USD despite session gains price action remains vulnerable given bearish daily technical structure

  • The Bitcoin price in the session on Friday is trading in negative territory by some 1.55%.
  • BTC/USD price action is being supported a critical ascending trend line.  
  • Buyers are attempting to heavily protect the big psychological $10,000 mark, as the price flirts in and out of this territory,  

 

Spot rate:                 10,159.021

Relative change:       -1.30%

High:                       10,413.44

Low:                         9,743.26

BTC/USD daily chart

  • Price action via the daily chart view is being supported by an ascending trend line.  

 

BTC/USD 4-hour chart

  • Price action via the 4-hour has formed a reversal doji, which saw the price push back above $10,000. Upside is capped by 4-hour resistance at $10,500.

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