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  • Bitcoin price is nursing minor losses on Thursday of 0.5%, as prices across the board remain muted.
  • BTC/USD continues to trade within a rising wedge pattern, subject to an eventual breakout to the downside.
  • Upside looks capped at $6850, with near-term downside support seen at $6725.

 

BTC/USD 30-minute chart

Spot rate:                                     6730.7

Relative change:               -0.45%

High:                                                     6788.8

Low:                              6679.3

 

Trend:                                                   Bearish/Neutral

 

 

Support 1:                                  6725.0, ascending trend line.

Support 2:                                    6706.6, 100MA.

Support 3:                                    6592.4, (support on 30-minute chart).

Resistance 1:                           6745.0, 50MA.

Resistance 2:                          6783.6, (resistance on 30-minute chart).

Resistance  3:                           6850, upper trend line of wedge pattern.