Bitcoin Technical Analysis: BTC/USD spikes to higher to trade around highest levels in over month, big herd of bulls are coming
|- Bitcoin price made a jump on Tuesday to its highest levels in a month, gains in the session of some 2%.
- BTC/USD bullish momentum is turning up a notch, but still needs to tackle the barrier just ahead.
- Bitcoin price with the recent upside seen, bulls have been cut short for now by upper trend line of rising channel.
BTC/USD 60-minute chart
Relative change: +1.80%
High: 7410.0
Low: 7246.2
Trend: Bullish
Resistance 1: 7410.0, upper part of rising channel and today's (Tuesday) high.
Resistance 2: 7430.5, session high and long wick 2nd September.
Resistance 3: 7500.0, resistance on 60-minute chart.
Support 1: 7278.0, 50MA & support on 60-minute chart.
Support 2: 7189.2, 100MA.
Support 3: 7030.0, demand area.
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