• Bitcoin is seen nursing minor losses of around 1% on Friday, as the price continues to cool at the end of the week.
  • BTC/USD price action has been forming a bullish flag pattern seen on the 60-minute chart.

 

 

BTC/USD 60-minute chart


 


Spot rate:                   6920.0

Relative change:       -0.99%

High:                          7019.0

Low:                           6893.5

 

Trend:                        Bearish

 

Support 1:                  6900.0, support on 60-minute chart.

Support  2:                 6802.9 30 August low.

Support  3:                 6767.9, lower part of channel. bull flag.

Resistance 1:            6965.1. 50MA.

Resistance 2:            6986.2, upper part of channel/flag.

Resistance 3:            7020.0, resistance on 60-minute chart. 

 

 


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