- Bitcoin price jumps around 2% higher on Thursday, after a decent surprise bounce late on Wednesday,
- BTC/USD was moving within a bearish pennant, which appeared set up for another leg lower.
- Bulls managed to escape the pennant and resistance, which at the time was seen at $6335.
BTC/USD 4-hour chart
Spot rate: 6463.7
Relative change: +2.06%
High: 6490.0
Low: 6333.4
Trend: Bullish
Support 1: 6405.0, 50MA.
Support 2: 6325.5, on top of broken pennant.
Support 3: 6230.0, demand area.
Resistance 1: 6385.0, resistance on 4-hour chart.
Resistance 2: 6760.9, 100MA.
Resistance 3: 7100.0, underneath the broken ascending channel, which triggered sell-off.
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