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Bitcoin price is nursing nominal losses on Tuesday of just over 0.70%.

  • BTC/USD has continued to range trade, similarly to Monday’s session.
  • A broadening wedge pattern is observed on the 30-minute chart.

 

BTC/USD 30-minute chart

Spot rate:                                     6206.9

Relative change:               -0.70%

High:                                                   6280.8

Low:                                                       6162.1

 

Trend:                                                 Bearish/Neutral

 

 

Support 1:                                  6165.0, 100MA.

Support 2:                                    6073.3, (support on 30-minute chart).

Support 3:                                    5831.3, demand zone entry.

Resistance 1:                           6230.0, 50MA.

Resistance 2:                          6373.4, upper trend line of wedge pattern.

Resistance 3:                           6500.0, (resistance on 30-minute chart).