- Bitcoin price on Tuesday very marginally in negative territory, bu just 0.5%.
- BTC/USD early this morning slipped below a supporting trend line and has seen a 4-hour close below.
- Should the bulls fail to break back above with the retest, there could be a fresh wave of downside pressure for BTC/USD.
BTC/USD 4-hour chart
Spot rate: 6571.7
Relative change: -0.50%
High: 6644.7
Low: 6552.3
Trend: Bearish/Neutral
Support 1: 6526.9, 100MA (4-hour).
Support 2: 6468.0, 50% Fibonacci & support on 4-hour.
Support 3: 6388.6, 61.8% Fibonacci & demand zone.
Resistance 1: 6580.5, broken ascending trend line.
Resistance 2: 6650.0, 23.6% Fibonacci & resistance on 4-hour.
Resistance 3: 6800.0, supply zone & 22 – 28 September high area.