- 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.