- Bitcoin price on Friday was slammed again, after the bears allowed some consolation for the bulls on Thursday.
- BTC/USD price behavior like a number of other altcoins is shaping a bearish flag pattern, which is subject to a break further south.
BTC/USD 60-minute chart
Spot rate: 6427.0
Relative change: -1.37%
High: 6549.5
Low: 6322.8
Trend: Bearish
Support 1: 6367.0, lower part of bear flag.
Support 2: 6300, 6 September low & demand zone.
Support 3: 5900, vital demand zone.
Resistance 1: 6542.0, upper part of bear flag.
Resistance 2: 6638.0, 50MA.
Resistance 3: 6972.0, 100MA & consolidation area before drop on 5 September.
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