Bitcoin Technical Analysis: BTC/USD big safeguard with no signs of a slowdown for the bulls

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  • Bitcoin price seen holding strong gains of over 3% in the latter stages o trading on Friday.
  • BTC/USD bulls have the room to run wild, clear path to $7000 and beyond.

 

BTC/USD daily chart 


 
Spot rate:                   6735.1

Relative change:       +3.71%

High:                          6790.5

Low:                           6473.8

 

Trend:                        Bullish.

 

Resistance 1:             6782.0, resistance on daily chart.

Resistance 2:             7373.5, 4 September high.

Resistance 3:             7740.0, supply zone.

Support 1:                  6163.0, supporting ascending trend line.

Support 2:                  5901.0, 14th August low.

Support 3:                  5800.5, demand zone.

 

 

 

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