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.




Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.