- 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.