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  • Bitcoin’s price is trading up in minor positive territory in the second half of the session on Friday.  
  • BTC/USD price still hugging very closely to the critical daily ascending trend line.  

Spot rate:                  3900.72

Relative change:       +1.05%

High:                         3906.40

Low:                          3845.98

       Daily SMA20:  3839.28
       Daily SMA50:  3674.77
       Daily SMA100:  3687.01
       Daily SMA200:  4948.08
       Previous Daily High:  3901.32
       Previous Daily Low:  3783.86
       Previous Weekly High:  3910.39
       Previous Weekly Low:  3672.34
       Previous Monthly High:  4187.25
       Previous Monthly Low:  3338.98
       Daily Fibonacci 38.2%:  3856.45
       Daily Fibonacci 61.8%:  3828.73
       Daily Pivot Point S1:  3791.75
       Daily Pivot Point S2:  3729.07
       Daily Pivot Point S3:  3674.29
       Daily Pivot Point R1:  3909.21
       Daily Pivot Point R2:  3963.99
       Daily Pivot Point R3:  4026.67

BTC/USD 60-minute chart

  • Price action was moving within a descending wedge pattern formation, however, a breakdown has been observed.  


BTC/USD daily chart

  • The bulls are very much reliant on the ascending trend line, which has been running since 7th February.  
  • Bulls need to breakdown near-term supply, tracking from $4000-100 range.