- Bitcoin is on the back foot on Monday down over 1%, with risk of fast fall.
- Bears are toying with a key near-term zone of support, tracking around the $6900-6800 area.
BTC/USD 60-minute chart
Spot rate: 6941.9
Relative change: -1.19%
High: 7153.6
Low: 6930.3
Trend: Bearish
Support 1: 6900.0-6800.0, key near-term demand zone.
Support 2: 6680.0, consolidation area on 17th July, prior to chunky bull run.
Support 3: 6128.0, 14th July low.
Resistance 1: 7015.50, 50MA.
Resistance 2: 7150.0, top area seen today (Monday).
Resistance 3: 7227.7, 100MA.
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