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Bitcoin technical analysis: BTC/USD needs to breakdown $12,000-12,500 for chance at $15,000

FX Street

Published date: 28 Jun. 2019 | 17:47

Bitcoin price is trading in positive territory, gains of some 5% on Friday in the second part of the session.
BTC/USD managed to catch support from an ascending daily trend line.
The price underwent a large correction on Thursday, which has seen the bulls buy those dips.

Spot rate: 11,725.45

Relative change: +5.50%

High: 12,099.98

Low: 10,739.16

BTC/USD 60-minute chart

Near-term ascending channel formation, which could be viewed as a bearish flag.

BTC/USD daily chart

Price action via the daily has managed to catch support from an ascending trend line.

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