- Bitcoin is currently going through another session of trading in the red, nursing losses of over 2%.
- BTC/USD price action within its consolidation mode, has formed a bearish pennant pattern.
BTC/USD 60-minute chart
Spot rate: 7370.1
Relative change: -2.20%
High: 7533.3
Low: 7282.1
Trend: Bearish
Support 1: 7341.5, lower part of pennant.
Support 2: 7320.4, demand zone.
Support 3: 7282.1, today’s (Friday) low.
Resistance 1: 7376.4, upper part of pennant.
Resistance 2: 7442.3, 50MA.
Resistance 3: 7475.5, supply zone.
