Bitcoin Technical Analysis: BTC/USD big bull breakout could be right around the corner
|- Bitcoin is seen trading down marginally on Friday, as price continues to remain within consolidation mode.
- BTC/USD continues to move within a range-bound fashion, ahead of next move.
- Price action has formed a bull flag pattern, which does look subject to an extended move north.
BTC/USD 60-minute chart
Spot rate: 7463.6
Relative change: -0.13%
High: 7519.9
Low: 7341.3
Trend: Neutral
Resistance 1: 7519.0, upper part of bull flag.
Resistance 2: 7588.5, (resistance on 60-minute chart).
Resistance 3: 7700.0, supply zone.
Support 1: 7413.3, 50MA.
Support 2: 7313.6, lower part of bull flag.
Support 3: 7270.1, demand zone.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.