Bitcoin Technical Analysis: BTC/USD the bulls need to sharpen their horns to breakthrough the game changing resistance
|- Bitcoin was seen trading down with some very minor losses of 0.5% on Monday.
- BTC/USD bulls are currently sharpening their horns, in an attempt to breakdown $6500-600 area.
- Once the mentioned supply zone is cleared, this should see a fresh wave of buying pressure come into play.
BTC/USD 60-minute chart
Relative change: -0.50%
High: 6524.0
Low: 6382.0
Trend: Bearish
Support 1: 6429.0, 100MA.
Support 2: 6406.6, ascending trend line & 50MA.
Support 3: 6305.0, (support on 60-minute chart).
Resistance 1: 6500-600,chunky supply zone.
Resistance 2: 6549.5, (resistance on 60-minute chart).
Resistance 3: 6645.7, 15th August high.
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