Bitcoin Technical Analysis: Small break from heavy selling, but another sharp drop could be pending, with areas of vital support just under $5,500 area
|- Bitcoin price take an initial decent bounce off the lows, however very short-term bull move was unsustainable.
- Heavy pressure still see to the downside across the market, with eyes on a break of next vital support seen just below $5,500.
BTC/USD 30-minute chart
Spot rate: 6096.10
Relative change: -0.85%
High: 6245.30
Low: 6068.50
Trend: Bearish
Support 1: 6072.40, 100MA.
Support 2: 6013.00 (support on 30-minute chart).
Support 3: 5910.60, 22nd June low.
Resistance 1: 6250.00 supply zone.
Resistance 2: 6335.50, (resistance on 30-minute chart).
Resistance 3: 6500.00, psychological area of resistance.
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