- Bitcoin price on Wednesday manages to pullback, trading in the green by just over 1%, after slow start to the week.
- BTC/USD price looking to retest the breached bearish pennant pattern.
BTC/USD 15-minute chart
- Near-term supply area seen around $3450 price territory on the 15-minute view.
Spot rate: 3435.13
Relative change: +1.10%
High: 3458.58
Low: 3372.73
Trend: Bearish
Support 1: 3345.03, daily pivot point support.
Support 2: 3295.01, daily pivot point support.
Support 3: 3248.45, daily pivot point support.
Resistance 1: 3441.61, daily pivot point resistance.
Resistance 2: 3488.18, daily pivot point resistance.
Resistance 3: 3538.19, daily pivot point resistance.
BTC/USD 60-minute chart
- Price clears near-term descending trend line, seen via the 60-minute chart view.
BTC/USD daily chart
- Price action attempting to retest the breached pennant pattern via the daily.
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