Bitcoin Technical Analysis: BTC/USD was saved by $7500 support, reversal doji candlestick seen indicating of a shift in short-term direction, Bitcoin was heavily oversold
|- Bitcoin is seen down around 1.5% through the mid-point of Wednesday's session.
- BTC/USD came under some heavy selling pressure on Tuesday, dropping over 8% over the day.
- A reversal doji candlestick has been spotted, indicating of a potential shift in the short-term trend, at the demand area of $7500.
BTC/USD 60-minute chart
Spot rate: 7615.0
Relative change: -1.50%
High: 7756.1
Low: 7469.5
Trend: Bearish
Support 1: 7530.7, (support on 60-minute chart).
Support 2: 7469.5, today's (Wednesday) low.
Support 3: 7340.2, 22nd/ & 23rd July low.
Resistance 1: 7835.0, entrance to supply zone.
Resistance 2: 7860.5, 50MA.
Resistance 3: 7900.0, consolidation area.
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