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  • Bitcoin loses large ground, after worries are sparked on Indian banks close to stop dealing with cryptocurrency related companies.
  • BTC/USD price breaks out from a rising wedge pattern, in a forceful move south.

 

BTC/USD 60-minute chart

Spot rate:                                     6180.0

Relative change:               -8.00%

High:                                                     6731.0

Low:                                                        6075.0

 

Trend:                                                   Bearish

 

Support 1:                                  6110.2, (support on 30-minute chart) & 13th June low.

Support 2:                                    6010.40, 2nd June low.

Support 3:                                     5838.60 demand zone.

Resistance 1:                           6725.0, underneath broken wedge pattern.

Resistance 2:                          6850.2, (resistance on 60-minute chart).

Resistance  3:                          6898.0 11th June high.