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  • Bitcoin price is seen down over 1.5% on Wednesday, in an initial muted first half to the session so far.
  • BTC/USD is trading close to an ascending trend line for support, after really easing away from the highs at the begging of the week.
  • Bitcoin may look to take another rally to the upside, testing the tops of the week seen at the $6850 area.

 

BTC/USD 30-minute chart

 

Spot rate:                                     6633.10

Relative change:               -1.52%

High:                                                     6739.9

Low:                                                       6560.0

 

Trend:                                                   Bearish

 

 

Support 1:                                  6610.0, ascending trend line.

Support 2:                                    6570.1, (support on 30-minute chart).

Support 3:                                    6450.0, demand area.

Resistance 1:                           6660.0, 100MA.

Resistance 2:                          6675.0, previous demand zone.

Resistance 3:                           6816, upper trend line of wedge pattern.