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Bitcoin Technical  Analysis: BTC/USD players screaming wake up, as price action moved into the world of mundane

  • Bitcoin price seen holding very modest gains of some 0.40% in the latter part of Thursday.
  • BTC/USD price action has narrowed and showing a lack of movement, after the excessive burst lower and higher late Wednesday.    

 

 

BTC/USD 60-minute chart  


 

Spot rate:                    6418.1

Relative change:        +0.52%

High:                           6460.1

Low:                            6371.3

 

Trend:                         Neutral/Bullish

 

Support 1:                   6369.5,Support & 100MA. (60-minute).

Support 2:                  6355.0, 50MA (60-minute).  

Support 3:                    6205.0, demand zone.  

Resistance  1:              6446.5, top area of session (Thursday).  

Resistance  2:              6500.0, supply zone.  

Resistance  3:             6581.5, 14th September high & upper part of key supply zone.

 

 

 

 

 

 

 

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