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  • Bitcoin price on Monday is see up with very modest gains, just some 0.7%, through the mid-point of the session.
  • BTC/USD continues to demonstrate a lack of commitment in trend. Market players continue to treat carefully.  
  • Supply area looks heavy, tracking within the $6650 area, as seen in the session (Monday) and 5th October. Price has not been above this supply area since 28th September.


BTC/USD 60-minute chart  


Spot rate:                   6655.0

Relative change:       +0.70%

High:                          6657.7

Low:                           6585.9


Trend:                        Bullish/Neutral


Resistance  1:            6640.0, resistance on 60-minute chart.

Resistance  2:            6650.0, supply area.

Resistance  3:            6685.0, 28 September high.    

Support 1:                 6595.5,  support on 60-minute chart.

Support  2:                 6545.9, ascending trend line * 50/100MAs (60-minute).  

Support  3:                 6493.0, 7 October low & demand area.