Bitcoin Technical Analysis: BTC/USD bulls charge ahead to jump 5%, but stopped short by $6600 bear barrier


  • Bitcoin jumped over 5% within just a couple of hours, printing sessions highs at 6671.6. 
  • BTC/USD bulls ran into a near-term resistance barrier within the 6600 region.

 

BTC/USD 60-minute chart

 

 

Spot rate:                    6623.6

Relative change:         +4.35%

High:                           6671.6

Low:                            6327.1

 

Trend:                         Bullish

 

 

Support 1:                   6560.00, (support on 60-minute chart). 

Support 2:                   6452.70, 6th July low. 

Support 3:                   6405.00, demand zone.

Resistance 1:             6650.00, supply zone. 

Resistance 2:             6750.50, (resistance on 60-minute chart).

Resistance 3:             6839.20, 8th July high. 

 

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