- Bitcoin price on Tuesday remains in the red, after the beating yesterday, breaking out of the recent daily range.
- BTC/USD price has extended to the downside, after breaching a daily range block formation.
BTC/USD 15-minute chart
- Price action moving within a rising wedge formation, subject to a potential break south.
Spot rate: 3397.76
Relative change: -0.80%
High: 3438.16
Low: 3341.58
Trend: Bearish
Support 1: 3357.59, daily pivot point support.
Support 2: 3285.16, daily pivot point support.
Support 3: 3196.14, daily pivot point support.
Resistance 1: 3519.03, daily pivot point resistance.
Resistance 2: 3608.05, daily pivot point resistance.
Resistance 3: 3680.48, daily pivot point resistance.
BTC/USD 60-minute chart
- Price pushes back into a near-term range-block, also could be a retest of a bearish flag structure after the breach.
BTC/USD daily chart
- Daily price action extends to the south, following the daily range-block breach.
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