- Bitcoin price was hammered during the early hours of Thursday, dropping over 5%.
- BTC/USD bears have cleared a near-term key demand area, that was minimizing downside, $6500.
BTC/USD 60-minute chart
Spot rate: 6295.1
Relative change: - 5.05%
Support 1: 6160.0, support on 60-minute chart.
Support 2: 6100.0, demand zone.
Support 3: 5800.0, bottom of the buying range, key leve.
Resistance 1: 6230.5, resistance on 60-minute chart.
Resistance 2: 6250.0, supply area.
Resistance 3: 6400-500.0, prior strong demand area, new supply.
BEST BROKERS TO TRADE CRYPTO
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 securities. 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 Forex 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.