- Bitcoin price on Friday down over 2%, after after further bloodshed was seen late Thursday.
- BTC/USD price action is moving within a descending channel formation. Support being found at the lower trend line.
BTC/USD 4-hour chart
Spot rate: 3398.16
Relative change: -2.23%
Support 1: 3314.61, lower part of channel.
Support 2: 3294.06, daily pivot point support.
Support 3: 3153.71, psychological support.
Resistance 1: 3708.18, upper part of channel & daily pivot point resistance.
Resistance 2: 3981.95, daily pivot point resistance.
Resistance 3: 4122.30, daily pivot point resistance.
BTC/USD 60-minute chart
- Price is consolidation as seen via the 60-minute chart, following the hard fall. Moving within a range-block, subject to another potential extended move lower.
BEST BROKERS TO TRADE CRYPTO
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 securities. 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 Forex 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.