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Bitcoin Technical Analysis: BTC/USD big safeguard with no signs of a slowdown for the bulls

Bitcoin price seen holding strong gains of over 3% in the latter stages o trading on Friday.
BTC/USD bulls have the room to run wild, clear path to $7000 and beyond.

Ken Chigbo Independent Analyst

BTC/USD daily chart

Spot rate: 6735.1

Relative change: +3.71%

High: 6790.5

Low: 6473.8

Trend: Bullish.

Resistance 1: 6782.0, resistance on daily chart.

Resistance 2: 7373.5, 4 September high.

Resistance 3: 7740.0, supply zone.

Support 1: 6163.0, supporting ascending trend line.

Support 2: 5901.0, 14th August low.

Support 3: 5800.5, demand zone.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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