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  • Bitcoin price holding minor gains of some 0.30% through the mid-point of trading on Friday.
  • BTC/USD price action is moving within a triangular pattern set up, subject to an extended  breakout.  
  • Bitcoin bulls didn’t celebrate the best birthday, as it runs towards first Y/Y loss.

 

BTC/USD daily chart  


 

Spot rate:                   6356.1

Relative change:        +0.28%

High:                          6361.5

Low:                           6291.8

 

Trend:                         Neutral

 

Resistance 1:              6381.5, 100MA & upper part of pennant.

Resistance 2:              6441.9, Daily Pivot Point resistance.  

Resistance 3:              6470.5, supply zone.  

Support 1:                   6350.5, 50MA (60-minute).  

Support 2:                   6275.6, 29 lower supporting trend line of triangular pattern.

Support 3:                   6233.0, Daily Pivot Point Support.