By Bitcoin buyers have managed to hold of selling pressure without surrendering key support, but are struggling to guide prices higher.
1H chart
Bitcoin breached rising trendline in the early US session on Friday, weakening immediate bullish bias.
So far, the downside has been restricted near $8,460 area. That area has been defended twice in the last 24 hours.
However, the stage for upside resumption will be set only if the bounce from $8,460 ends up crossing $8,900. That level capped upside multiple times last week.
On the flip side, if the support near $8,460 is breached, a deeper slide to $8,200-$8,000 could be seen.