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  • Bitcoin price was seen down as much as 5% during the session on Monday, failing to sustain the upside momentum seen at the back end of last week.
  • BTC/USD price clears near-term vital demand zone, which was tracking from $7900-7840.

 

BTC/USD 60-minute chart


 

Spot rate:                    7831.3

Relative change:        -4.25%

High:                           8178.9

 

Low:                            7780.0
 

Trend:                         Bearish

 
 

Support 1:                 7812.0, top area seen on 23rd July.  

Support 2:                 7687.3, consolidation area.  

Support 3:                  7337.1, 22nd July.

Resistance 1:            7815.1,  27th July low.

Resistance 2:              7845.1,  previous demand zone.

Resistance 3:             7993.8, supply zone entrance.