Ken Chigbo
Independent Analyst
- Bitcoin price in the session on Friday is trading with minor losses of some 0.90%.
- BTC/USD price remains largely capped to the upside, narrowing further in its daily range.
- The price as mentioned previously continues to move within the confinements of a narrowing triangular structure.
- There continues to be lack of commitment for now in terms of trend, as the price further consolidates.
Spot rate: 10,309.31
Relative change: -0.90%
High: 10,454.53
Low: 10,287.82
BTC/USD daily chart
- BTC/USD daily price action is limited at present, with the lack of trend commitment. The price has recently edged out of a bullish flag structure, making room for further potential upside.
BTC/USD 60-minute chart
- Near-term price action via the 60-minute chart view has made some progress, after breaking out from a descending channel structure.
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