- Bitcoin price on Thursday is trading with very minor gains, up some 0.30%.
- BTC/USD has formed a number of bearish structures across time frames.
BTC/USD 15-minute chart
- Price action has broken out to the upside from a pennant pattern structure.
Spot rate: 3559.50
Relative change: +0.29%
High: 3562.62
Low: 3535.93
Trend: Neutral
Support 1: 3513.62, daily pivot point support.
Support 2: 3473.73, daily pivot point support.
Support 3: 3424.27, daily pivot point support.
Resistance 1: 3602.97, daily pivot point resistance.
Resistance 2: 3652.42, daily pivot point resistance.
Resistance 3: 3692.32, daily pivot point resistance.
BTC/USD 60-minute chart
- Price action is still moving within somewhat of a bearish flag pattern formation.
BTC/USD daily chart
- BTC/USD remains plagued within the confinements of the narrowing daily range.