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  • Bitcoin price holding modest gains on Wednesday of some 0.80%, through the mid-point of the session.  
  • BTC/USD received decent buying at the back end of Tuesday’s session, after a generally depressed session for the price.
  • Price action has formed a bullish pennant pattern, subject to an extended break north.
  • Eyes on a near-term return back above the $7000 mark, given current technical formation.  

 

 

BTC/USD 60-minute chart  


 
 

Spot rate:                   .6503.2

Relative change:       +0.84%

High:                          6536.3

Low:                           6447.7

 

Trend:                        Bullish

 

Resistance  1:            6509.1, upper part of flag..

Resistance  2:            6535.7, daily pivot point resistance.  

Resistance  3:            6550.0, 10 October high.

Support 1:                 6487.6, lower part of flag.  

Support  2:                 6406.6,  daily pivot point support.

Support  3:                 6364.6,    daily pivot point support.