Bitcoin Technical Analysis: BTC/USD looks to end the day flat, bearish outlook remains intact

• BTC/USD struggles to find direction on Friday, trades in a very tight range amid a lack of fresh catalysts.
• The RSI on the daily chart moves sideways near the 40 mark, suggesting that the next direction is still likely to be south.
• The 20-DMA (blue line) acts as a dynamic resistance.

BTC/USD daily chart

Spot rate:                  6240

Relative change:       -0.13%

High:                         6286

Low:                          6220

Trend:                      Bearish

Support 1:                 6000 (psychological level/static support).

Support 2:                 5750 (2018 low/Jun. 24 low).    

Support 3:                 5500 (Oct. 24, 2017, low).    

Resistance  1:            6380 (20-DMA).

Resistance 2:            6800 (Fibo. 23.6% retracement of May 6 – Jun. 24 fall).

Resistance 3:            7350 (Fibo. 38.2% retracement of May 6 – Jun. 24 fall).