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  • 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.