RATE Group | BTC/USD extends further away from potential danger
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BTC/USD extends further away from potential danger

03 Aug BTC/USD extends further away from potential danger

Posted at 04:19h in Bitcoin News by

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  • Bitcoin price on Friday in the second half of the day is up some 0.30%.
  • BTC/USD bulls extend further north away from bearish pennant set up danger. 
  • There appears to be just one major barrier in the way of an $11,000 return, seen at $10,500. 

 

Spot rate:                 10,431.10

Relative change:      +0.35%

High:                         10,669.03

Low:                          10,325.95

BTC/USD 60-minute chart

  • Supply is observed through the $10,500 region, the last major barrier ahead of a $11,000 return.

 

BTC/USD daily chart

  • The bulls are extending north following the escape from a bearish pennant set up.  

 charts to follow. 

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