- 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%
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.