- Bitcoin price was seen broadly flat on Friday, inline with the general tone seen across the market.
- BTC/USD continues to move within an ascending channel formation, with a lack of upside momentum.
BTC/USD 60-minute chart
Spot rate: 6534.5
Relative change: +0.11%
High: 6583.0
Low: 6480.0
Trend: Neutral
Resistance 1: 6585.1, (resistance on 60-minute chart).
Resistance 2: 6615.0, top area through mid-August.
Resistance 3: 6800.0, entrance to chunky supply zone.
Support 1: 6470.5, 50MA & 100MA.
Support 2: 6413.4, ascending lower trend line of channel.
Support 3: 6250.0, double bottom area 21-22 August.
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