Bitcoin Technical Analysis: BTC/USD $5000 to be or not to be

• Bitcoin Friday was trading marginally in positive territory, up with gains of just some 0.90%.
• BTC/USD price continues to flirt with the psychological  $5000 mark to the downside.  
• The major barrier of $5500 is in the way of greater upside for the price.  

Spot rate:                   5078.62

Relative change:       +0.90%

High:                          5102.84

Low:                           4912.39

BTC/USD 60-minute chart

• Price action moving within a near-term consolidation block formation, which could be viewed as a bearish flag pattern.  

BTC/USD daily chart

• The big $5000 price mark is preventing a free-fall south currently, a breach could be punishing.