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  • 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.