Home Bitcoin  Technical  Analysis: BTC/USD bulls charge ahead to jump 5%, but stopped short by $6600 bear barrier
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Bitcoin  Technical  Analysis: BTC/USD bulls charge ahead to jump 5%, but stopped short by $6600 bear barrier

  • Bitcoin jumped over 5% within just a couple of hours,  printing  sessions highs at 6671.6.  
  • BTC/USD bulls ran into a near-term resistance barrier within the 6600 region.

 

BTC/USD 60-minute chart

 

 

Spot rate:                                     0.48183

Relative change:               -2.01%

High:                                                   0.50472

Low:                                                      0.47800

 

Trend:                                                 Bullish

 

 

Support 1:                                  6560.00, (support on 60-minute chart).  

Support 2:                                      6452.70, 6th July low.  

Support 3:                                    6405.00, demand zone.

Resistance  1:              6650.00, supply zone.  

Resistance 2:              6750.50, (resistance on 60-minute chart).

Resistance 3:                        6839.20, 8th July high.  

 

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