Bitcoin Technical Analysis: BTC/USD $6000 still in danger
|- Bitcoin price on Wednesday was nursing of some 1%, after the bears applied some pressure in the early part of the session.
- BTC/USD has been trending lower, giving back all of the recent bull run from 31st October to 7 November.
- As covered in the article yesterday, BTC/USD is still vulnerable to giving up $6000.
BTC/USD 4-hour chart
Spot rate: 6191.0
Relative change: -1.05%
High: 6294.9
Low: 6156.2
Trend: Bearish
Support 1: 6155.6, daily pivot point support.
Support 2: 6150.0, demand zone & daily support.
Support 3: 6064.7, 11 October low.
Resistance 1: 6307.5, daily pivot point resistance.
Resistance 2: 6355.2, daily pivot point resistance.
Resistance 3: 6383.4, daily pivot point resistance.
BTC/USD 60-minute chart
- BTC/USD pressure weighted to the downside, buyers trying to protect the $6000 mark from being tested.
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