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  • Bitcoin price is seen up with modest gains of 0.5% on Thursday, but further upside appears to be in the waiting.
  • BTC/USD has formed a bullish flag formation, pending an extended move north.

 

BTC/USD 30-minute chart

 

Spot rate:                    7424.0

Relative change:         +0.60%

High:                           7447.2

Low:                            7281.4.

 

Trend:                          Neutral/Bullish.

 

Resistance  1:             7508.0 upper part of bull flag.

Resistance 2:             7583.6,18th July high.

Resistance 3:              7635.0, (resistance on 30-minute chart).

Support 1:                  7378.5, 50MA.

Support 2:                 7290.4, lower part of bull flag.  

Support 3:                 7278.3, 100MA.