Bitcoin Technical Analysis: BTC/USD still climbing and looking promising, must break down 6500-600 barrier
|- Bitcoin seen holding firm gains of over 3% on Friday, as the recovery path becomes clearer.
- BTC/USD moves back through breached ascending trend line, to be supported in its attempt for further upside.
- Next major barrier to breakdown will be $6500-600, a clearance should invite further buying pressure.
BTC/USD 60-minute chart
Relative change: +2.42%
High: 6557.9
Low: 6290.0
Trend: Bullish
Resistance 1: 6500-600, chunky supply zone.
Resistance 2: 6627.5, (resistance on 60-chart).
Resistance 3: 6800.0, supply zone, last traded here 7th August.
Support 1: 6387.6, 50MA.
Support 2: 6344.5, ascending trend line.
Support 3: 6288.0, 100MA.
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