- Bitcoin seen up a healthy 3% in the early part of the session on Wednesday, crypto market seen generally green across the board.
- BTC/USD jumped over 6% in the early hours of Wednesday, to session highs of $6899, before cooling slightly.
- The price rallied to the highest levels seen since 7th August, to drop back south and find support in a former supply zone, now acting as demand, given the breach.
BTC/USD 60-minute chart
Spot rate: 6686.9
Relative change: +3.17%
High: 6899.0
Low: 6438.0
Trend: Bullish
Resistance 1: 6707.0, (resistance on 60-minute chart.
Resistance 2: 6900.0, today’s (Wednesday) high area final barrier ahead of $7K mark.
Resistance 3: 7150.5,double top area as seen 6-7th August.
Support 1: 6600.0, former supply area, now support.
Support 2: 6552.0, 19th August high.
Support 3: 6488.3, 50MA.
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