Search ForexCrunch
  • 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.