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Bitcoin Technical Analysis: BTC/USD bulls fails to capitalize on the big buy set ups, bears attempt for key support breach

  • Bitcoin price was dealt a blow on Thursday, hit with losses exceeding 2%
  • BTC/USD caught support at highs seen on 22nd August around $6850-900 region.
  • Bears made attempt to push price for a retest of the ascending channel pattern.  

 

 

BTC/USD 60-minute chart


 

Spot rate:                    6888.0

Relative change:        -2.15%

High:                           7060.0

Low:                            6854.2

 

Trend:                         Bearish

 

Resistance 1:              6900.0, 100MA.

Resistance 2:             6950.0, resistance on 60-minute chart.

Resistance 3:             7125.5,  top area 28-29th August & upper part of channel.

Support 1:                   6855.0, support on 60-minute chart and high area of 22nd August.

Support    2:                  6791.0, top area of 25 August.

Support    3:                  6645.9, lower part of channel.  

 

 

 

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