- Bitcoin price seen up over 1% on Thursday,thanks to momentum kicking back into the market late on Wednesday.
- BTC/USD price action has formed a bullish flag pattern, which is subject to a breakout.
BTC/USD 60-minute chart
Spot rate: 6540.3
Relative change: +1.70%
High: 6648.8
Low: 6495.2
Trend: Bullish.
Resistance 1: 6580.0, resistance on 60-minute.
Resistance 2: 6600, supply area.
Resistance 3: 6620-35, high area 30 September & 1 October.
Support 1: 6525.5, lower trend line of bull flag.
Support 2: 6500.0, 50MA & 100MA area.
Support 3: 6410.5, strong demand area.