Bitcoin Technical Analysis: BTC/USD $5000 the new bottom but must hold
|- Bitcoin price on Friday in the latter part of the session, holding modest gains of some 1.80%.
- BTC/USD near-term price action well supported by an ascending trend line.
- The big psychological area of $5000 is likely to act as the new bottom.
Spot rate: 4986.19
Relative change: +1.80%
High: 5057.99
Low: 4886.45
BTC/USD 60-minute chart
- The price well-supported by a near-term ascending trend line, which is around the new potential bottom area of $5000.
Bitcoin Technical Analysis: BTC/USD $5000 the new bottom but must hold
- Price action moving within a bullish pennant pattern formation, subject to further moves north.
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