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  • Bitcoin price seen holding firm gains on Friday of some 3%, maintaining the elevated theme seen this week.  
  • BTC/USD could see a minor pullback towards prior supply area $6600-500, a move that may be needed for further  

 

 

BTC/USD 4-hour chart  


 

Spot rate:                    6688.2

Relative change:        +3.10%

High:                           6784.9

Low:                            6473.8

 

Trend:                         Bullish.

 

Resistance 1:                6770.0 resistance on 4-hour chart.

Resistance 2:                7095.0, supply zone.

Resistance 3:                7404.0, 4th September high.

Support 1:                   6620.0, consolidation area 26-27 Aug, before jump higher.

Support 2:                     6600-500, prior supply zone, new acting demand.  

Support 3:                   6250.0, support on 4-hour chart.