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Bitcoin Technical  Analysis: BTC/USD bears having some fun, as gains are as easy as taking candy away from a baby

  • Bitcoin price on Wednesday cooled, trading broadly flat after a choppy first half of the session.
  • BTC/USD price action continues to demonstrate narrowing, as a breakout could be right around the corner.  

BTC/USD 60-minute chart  

Spot rate:

Relative change:        +0.03%

High:                           6375.1

Low:                            6257.0

Trend:                         Neutral

Resistance  1:              6350.0,  resistance on 60-minute chart.

Resistance  2:              6380.5,  17th September high area and supply zone.

Resistance  3:              6401.0, 100MA (60-minute).

Support 1:                    6302.1, 50MA (60-minute).

Support 2:                   6235.0, demand zone.

Support 3:                   6180.0, support on 60-minute chart.

 

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