Bitcoin Technical Analysis: BTC/USD big rejection and shooting star sees short lived recovery
|- Bitcoin price drops on Friday, losing the upside momentum that was behind the bulls on Wednesday and Thursday.
- BTC/USD sees shooting star, after rejection within big supply area of $6550-600.
BTC/USD 60-minute chart
Relative change: -0.20%
High: 6596.5
Low: 6355.2
Trend: Bearish/Neutral
Support 1: 6430.0,50MA.
Support 2: 6375.5, lower part of ascending channel 100MA.
Support 3: 6200.0, support on 60-minute chart.
Resistance 1: 6550-600, supply zone.
Resistance 2: 6591.5, upper part of channel.
Resistance 3: 6596.5, wick on shooting star & session (Friday high).
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