Bitcoin Technical Analysis: BTC/USD bears manage to force the price below of a near-term supporting trend line, how deep of a pullback is the question now

  • Bitcoin was seen holding modest gains on Thursday, some 0.5% currently in the first half of the session. 
  • BTC/USD price has been forced by the market bears to dip below an ascending trend line, that had been supporting the recent upside price action. 

 

BTC/USD 15-minute chart

 


Spot rate:                  8228.5

Relative change:       +0.55%

High:                          8323.1

Low:                           8172.5

 

Trend:                        Neutral

 
 

Support 1:                 8215.0, 100MA.

Support 2:                 8172.5, today's (Thursday) low & support on 15-minute chart.

Support 3:                 8120.0, demand zone entrance.

Resistance 1:            8275.5, below the broken ascending trend line. 

Resistance 2:            8305.0, (resistance on 15-minute chart).

Resistance 3:            8323.1 today's (Thursday) high.

 





 

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