Bitcoin Technical Analysis: BTC/USD price action spells potential danger to the big $6000 level
|- Bitcoin price holding on to very modest gains on Friday, seen up around 1%.
- BTC/USD price action does still suggest some danger remains, as a bearish pennant pattern is eyed.
BTC/USD 60-minute chart
Spot rate: .6315.0
Relative change: +1.01%
High: 6353.4
Low: 6220.3
Trend: Bearish
Resistance 1: 6225.0, upper part of pennant.
Resistance 2: 6250.5, resistance on 60-minute chart.
Resistance 3: 6400-500, big prior serving demand area.
Support 1: 6190.0, lower part of pennant.
Support 2: 6115.0, support on 60-minute chart.
Support 3: 6060.0, long wick low 11 October.
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