Home Bitcoin Technical Analysis: BTC/USD it appears to just be a matter of time for the bears in turning the pressure up a notch, in the drive south, any upside fails to sustain momentum

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Bitcoin Technical Analysis: BTC/USD it appears to just be a matter of time for the bears in turning the pressure up a notch, in the drive south, any upside fails to sustain momentum

FX Street

Updated: 13 Aug. 2018 | 13:38

Bitcoin is seen holding gains of 1.62% in the early part of the week on Monday, but not looking very stable.
BTC/USD is struggling to break down the $6500-600 area, where a supply zone is seen.

BTC/USD daily chart

Spot rate: 6448.3

Relative change: +1.63%

High: 6548.3

Low: 6292.7

Trend: Bullish

Resistance 1: 6493.7, (resistance on 60-minute chart).

Resistance 2: 6600.0, supply zone.

Resistance 3: 6624.5, 9th August high.

Support 1: 6330.8, 100MA.

Support 2: 6281.4, 50MA.

Support 3: 6125.0, entrance to demand zone.

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