Search ForexCrunch
  • Bitcoin was seen down marginally just shy of 1% on Monday, supported by a decent demand zone.
  • BTC/USD is within consolidation mode, after the chunky rally late on Friday.
  • A bullish flag pattern has formed with the recent price behavior, a jump higher looks imminent.  


BTC/USD 60-minute chart


Spot rate:                    8145.0

Relative change:        -0.93%

High:                           8301.7


Low:                            8065.1


Trend:                         Neutral/Bearish


Support 1:                  8144.0, 100MA.

Support 2:                  8127.6, lower part of bull flag.  

Support 3:                  8120-8080, demand zone.

Resistance 1:             8188.7, 50MA.

Resistance 2:             8264.0, upper part of bull flag.  

Resistance 3:             8300.0,   heavy supply area, as seen from 26th July to date.