Bitcoin Technical Analysis: BTC/USD is in the waiting room for now, taking a deep breath ahead of next definitive direction

  • Bitcoin was seen nursing marginal losses on Tuesday of 0.5%, after the big surge seen on Monday. Price ran into small resistance ahead of $6700.
  • If the bulls manage to hold above the near-term support around the psychological level of $6500, then next upside target is seen heading into the $7000 figure.

 

BCH/USD 60-minute chart

 

 

Spot rate:                   6581.2

Relative change:         -0.55%

High:                           6675.2

Low:                           6539.0

 

Trend:                         Neutral

 

 

Support 1:                   6500.0, psychological level & (support on 60-minute chart).

Support 2:                   6325.6, on top of broken bull flag pattern.

Support 3:                   6209.3, (support on 60-minute chart).

Resistance 1:             6680.0, supply zone.

Resistance 2:             6840.5, highs; 18th, 19th 20th June.

Resistance 3:             7000.0, (resistance on 60-minute chart).

 

 

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