RATE Group | BTC/USD price action subject to a potential sub $10,000 return
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BTC/USD price action subject to a potential sub $10,000 return

10 Aug BTC/USD price action subject to a potential sub $10,000 return

Posted at 07:12h in Bitcoin News by

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  • Bitcoin price in the session on Friday is trading firmly in the red, down some 2%.
  • BTC/USD upside is limited by a running descending trend line, seen via the daily. 
  • Price action appears to be forming a head and shoulders structure.

Spot rate:                 11,745.77

Relative change:      -2.07%

High:                         12,150.20

Low:                          11,385.94

BTC/USD 60-minute chart

  • 60-minute price action is narrowing within a triangular structure, subject to a breakout. 

BTC/USD daily chart

  • Price action is limited to the upside by a descending trend line via the daily.

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