Home Bitcoin Technical  Analysis: BTC/USD another small pullback lower could be the launch pad needed to fly
Crypto News

Bitcoin Technical  Analysis: BTC/USD another small pullback lower could be the launch pad needed to fly

  • 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.

 

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.