Ken Chigbo
Independent Analyst
- Bitcoin price is trading down some 11% in the second half of the session on Friday.
- BTC/USD price action via the daily chart view is testing a critical daily trend line to the downside.
- The noted support can be seen tracking around $11,000 price mark.
Spot rate: 11,682.06
Relative change: +2.95%
High: 11,785.39
Low: 11,085.27
BTC/USD 60-minute chart
- Upside is capped by a barrier running from $11,600-800 range via the 60-minute.
BTC/USD daily chart
- Daily ascending trend line stops the bears from causing a chunky wave of selling pressure.
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