- Bitcoin price nursing losses again of over 2% in the early part of the session.
- BTC/USD is forced to breach near-term ascending trend line, as bears press for downside.
- Next major support eyed down within the $3500 territory, given recent support breach.
BTC/USD 60-minute chart
CHART TO FOLLOW.
Spot rate: 3661.05
Relative change: -2.30%
High: 3796.49
Low: 3637.22
Trend: Bearish
Support 1: 3476.51, lower part of pennant.
Support 2: 3224.42, daily pivot point support.
Support 3: 2927.4, daily pivot point support.
Resistance 1: 3713.40, breached trend line.
Resistance 2: 4025.62, daily pivot point resistance.
Resistance 3: 4322.64, daily pivot point resistance.
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