Bitcoin Technical Analysis: BTC/USD bears having some fun, as gains are as easy as taking candy away from a baby

  • Bitcoin price on Wednesday cooled, trading broadly flat after a choppy first half of the session.
  • BTC/USD price action continues to demonstrate narrowing, as a breakout could be right around the corner. 

 

BTC/USD 60-minute chart 


 


Spot rate:                   

Relative change:       +0.03%

High:                          6375.1

Low:                           6257.0

 

Trend:                        Neutral

 

Resistance 1:             6350.0, resistance on 60-minute chart

Resistance 2:             6380.5, 17th September high area and supply zone. 

Resistance 3:             6401.0, 100MA (60-minute).

Support 1:                  6302.1, 50MA (60-minute). 

Support 2:                  6235.0, demand zone. 

Support 3:                  6180.0, support on 60-minute chart.

 




 

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