BTCUSD Technical Analysis: Bitcoin on the rise towards $6,800
|- Bitcoin on the rise, marking in higher lows through the week.
- Current retracement could continue bounce into new highs next week.
- BTC/USD will need to make a decisive break of the 6800.0 key barrier to extend a bull run.
| Spot rate: | 6535.8 |
| Relative change: | -0.82% |
| High: | 6704.7 |
| Low: | 6423.4 |
| Trend: | Bullish |
| Support 1: | 6416.0 (July 4th swing low) |
| Support 2: | 6271.2 (S2 daily pivot) |
| Support 3: | 6163.9 (61.8% Fibo retracement level) |
| Resistance 1: | 6683.5 (R1 daily pivot) |
| Resistance 2: | 6784.9 (current week high) |
| Resistance 3: | 6964.2 (R3 daily pivot) |
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