Bitcoin upside remains limited due to supply zone at current levels, within $7500-7600 range. Despite the drop today, BTC/USD is heading for its first week of gains in 3 weeks, looking at staging a rebound for a retracement. The price was moving within a ascending channel pattern, however dropped 3% and breached this. BTC/USD 60-minute chart Spot rate: 7407.00 Relative change: -1.00% High: 7600.00 Low: 7330.00 Trend: Bearish Resistance 1: 7505, underneath the channel. Resistance 2: 7600.00, supply zone & today’s (Friday) high. Resistance 3: 7730.00, 24th May high. Support 1: 7380.00, 100MA. Support 2: 7270.00, 30th May low, lower trendline of channel. Support 3: 7040.00, 29th May low & low of the week FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Fed’s Kashkari: Wage growth is slowly picking up FX Street 5 years Bitcoin upside remains limited due to supply zone at current levels, within $7500-7600 range. Despite the drop today, BTC/USD is heading for its first week of gains in 3 weeks, looking at staging a rebound for a retracement. The price was moving within a ascending channel pattern, however dropped 3% and breached this. BTC/USD 60-minute chart Spot rate: 7407.00 Relative change: -1.00% High: … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
