Bitcoin Technical Analysis: BTC/USD bounces for now back to $6500 area, but is this could be the bears taking a break ahead of further pressure
|- Bitcoin builds on the bounce seen during Wednesday’s session, up on Thursday over 3%.
- BTC/USD is flirting around resistance around the $6500 area on 60-minute chart.
- Market behaviour of late, has been period of rest from the bears before renewed pressure to the downside.
BTC/USD 60-minute chart
Spot rate: 6491.10
Relative change: +3.11%
High: 6599.80
Low: 6269.50
Trend: Neutral/Bullish
Resistance 1: 6500.00, (resistance on 60-minute chart).
Resistance 2: 6675.50, 100MA & 38.2% Fibonacci.
Resistance 3: 6860.10, 50% Fibonacci.
Support 1: 6462.50, 23.6% Fibonacci.
Support 2: 6269.50, today’s (Thursday) low.
Support 3: 6106.50, 13th June low & (support on 60-minute chart)
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