- Bitcoin price on Monday was hit hard, as the bears regained control, nursing losses of over 3%.
- BTC/USD bears breaching narrow range and lower support of pennant structure.
BTC/USD 15-minute chart
- Price action moving within a descending wedge pattern, there may be potential room for a small breakout north, ahead of further selling.
Spot rate: 3413.05
Relative change: -3.05%
High: 3535.62
Low: 3376.84
Trend: Bearish
Support 1: 3483.25, daily pivot point support.
Support 2: 3434.24, daily pivot point support.
Support 3: 3394.49, daily pivot point support.
Resistance 1: 3572.01, daily pivot point resistance.
Resistance 2: 3611.76, daily pivot point resistance.
Resistance 3: 3660.77, daily pivot point resistance.
BTC/USD 60-minute chart
- BTC/USD price action via the 60-minute view has broken the lower supporting mentioned trend line.
BTC/USD daily chart
- Price action makes a break below lower daily range support and breach of pennant structure.
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