BTC/USD: Bitcoin fell to its previous support at 6437.85; critical resistance at 6460.00

What is going on with BTC/USD?

BTC/USD: BTC fell in today's session after it slipped below 6493.80 support. The pair managed to bounce at 6437.85 and is now working its way up to get back into the uptrend channel. 

Our forecast

BTC/USD: BTC currently trades at 6452.72 and needs to break and maintain above 6460.00 to head back up to 6474.75 and 6493.80. BTC also needs to maintain above 6437.85 to hold the current trend. The pair could head further down to 6409.30 and 6380.85 if it fails at 6437.85 support.

Support /Short- 6437.85,  6409.30, and 6380.85

Resistance/ Target - 6460.00, 6474.75, 6493.80, and 6518.20

 Get free access to our trade signals at https://t.me/leoprimefx.

Chart 1: The short-term view of the BTC/USD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points

BTCUSD

Chart 2: The short-term view of the BTC/USD price action in the four hours price chart highlights the direction of the trend and the support and resistance price points

BTCUSD


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