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  • Bitcoin price on Monday seen to have cooled marginally by a small 1.4%, after the decent rally seen last week.
  • BTC/USD price action has formed a bullish flag pattern, as seen on the 60-minute chart.



BTC/USD 60-minute chart


Spot rate:                    

Relative change:        -6.88%

High:                           6721.7

Low:                            6580.0


Trend:                         Bearish.


Support 1:                    6565.0,lower trend line of bull flag.

Support 2:                     6450.0, demand zone.

Support 3:                   6365.5, consolidation area 20 Sept before bull run.

Resistance 1:                6641.9,100MA & supply zone.

Resistance 2:                6686.5, 50MA & supply zone.  

Resistance 3:                 6708.0, upper trend line of bull flag.