- Bitcoin price was seen up 0.7% on Wednesday, as the bulls appear to have woken after a long quiet period.
- BTC/USD storms higher, but capped by supply heading into the $6500 territory.
- Near-term ascending trend line seen on the 60-minute, caught the price after it surged higher than saw a pullback.
- Fundstrat’s Tom Lee remains bullish on Bitcoin, still believes it could be up within $20K territory by end of the year.
BTC/USD 60-minute chart
Spot rate: 6430.1
Relative change: +0.71%
High: 6464.9
Low: 6391.9
Trend: Bearish
Support 1: 6422.0, ascending trend line.
Support 2: 6406.9, support on 60-minute.
Support 3: 6355.5, demand zone.
Resistance 1: 6435.0, resistance on 60-minute.
Resistance 2: 6450-60, supply area.
Resistance 3: 6500-600, chunky near-term supply zone.
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