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  • Bitcoin price on Thursday is nursing minor losses of just some -0.1% in the second half of the day.  
  • BTC/USD price is stuck below a breached ascending trend line seen via the 60-minute, a new area of acting resistance.  
  • The price at present is somewhat stuck in the mud, within a big barrier tracking from $5500-600 range.  

Spot rate:                   5453.00

Relative change:       -0.10%

High:                          5472.00

Low:                           5376.74

BTC/USD 60-minute chart

  • BTC/USD via the 60-minute chart view continues to track underneath a breached near-term ascending trend line, to act as new resistance.  

 

BTC/USD daily chart

  • Bitcoin price is being forced to slow down given chunky supply barrier running from $5500-5600.