Bitcoin Technical Analysis: BTC/USD must breakdown $4000 to fly
Crypto News

Bitcoin Technical Analysis: BTC/USD must breakdown $4000 to fly

  • Bitcoin price into the second half of the session on Friday was trading in very minor positive territory by some 0.35%.  
  • BTC/USD remains firmly supported by strong daily ascending trend line, which has been in play since early February.  
  • The bulls must breakdown $4000 for greater upside pressure, as sellers continue to cap upside.  


Spot rate:                  3993.60

Relative change:       +0.35%

High:                         3998.09

Low:                          3961.28


Trend:                        Bullish


BTC/USD 60-minute chart

  • Bearish rising wedge pattern eyed via the 60-minute chart view, subject to a potential breakout to the downside. Focus on $4000, this needs to be broken down for greater upside momentum.  


BTC/USD daily chart

  • Bulls remain well-supported for their attempt to push further north by a long-running ascending trendline.  

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