Bitcoin technical analysis: BTC/USD price action subject to a potential sub $10,000 return
|- Bitcoin price in the session on Friday is trading firmly in the red, down some 2%.
- BTC/USD upside is limited by a running descending trend line, seen via the daily.
- Price action appears to be forming a head and shoulders structure.
Spot rate: 11,745.77
Relative change: -2.07%
High: 12,150.20
Low: 11,385.94
BTC/USD 60-minute chart
- 60-minute price action is narrowing within a triangular structure, subject to a breakout.
BTC/USD daily chart
- Price action is limited to the upside by a descending trend line via the daily.
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