Bitcoin Technical Analysis: BTC/USD big bad bull flag eyed
|- Bitcoin price on Monday was trading marginally in negative territory, down just 0.10% through the mid-point of the session.
- BTC/USD price action has formed a bullish flag pattern, subject to a breakout north.
- Bitcoin has seen some minor under-performance in comparison to it peers. Still appearing to be much caution with commitment here for now.
BTC/USD 60-minute chart
Spot rate: 6415.6
Relative change: -0.10%
High: 6464.0
Low: 6316.9
Trend: Neutral
Resistance 1: 6417.0, upper part of bull flag.
Resistance 2: 6442.1, supply area.
Resistance 3: 6485.3, daily pivot point resistance.
Support 1: 6384.0, lower part of bull flag.
Support 2: 6372.6, 50MA.
Support 3: 6338.2, daily pivot point support.
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