Bitcoin technical analysis: BTC/USD extends further away from potential danger
|- 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.
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 assets. 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 Open Markets 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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.