Bitcoin Technical Analysis: BTC/USD bears manage to force the price below of a near-term supporting trend line, how deep of a pullback is the question now
|- Bitcoin was seen holding modest gains on Thursday, some 0.5% currently in the first half of the session.
- BTC/USD price has been forced by the market bears to dip below an ascending trend line, that had been supporting the recent upside price action.
BTC/USD 15-minute chart
Spot rate: 8228.5
Relative change: +0.55%
High: 8323.1
Low: 8172.5
Trend: Neutral
Support 1: 8215.0, 100MA.
Support 2: 8172.5, today's (Thursday) low & support on 15-minute chart.
Support 3: 8120.0, demand zone entrance.
Resistance 1: 8275.5, below the broken ascending trend line.
Resistance 2: 8305.0, (resistance on 15-minute chart).
Resistance 3: 8323.1 today's (Thursday) high.
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