Search ForexCrunch
  • Bitcoin seen holding firm gains of over 3% on Friday, as the recovery path becomes clearer.  
  • BTC/USD moves back through breached ascending trend line, to be supported in its attempt for further upside.
  • Next major barrier to breakdown will be $6500-600, a clearance should invite further buying pressure.  

 

 

BTC/USD 60-minute chart


 

Spot rate:                    6468.4

Relative change:        +2.42%

High:                           6557.9

Low:                            6290.0

Trend:                         Bullish
 

Resistance 1:             6500-600, chunky supply zone.

Resistance 2:             6627.5, (resistance on 60-chart).

Resistance 3:             6800.0, supply zone, last traded here 7th August.

Support 1:                   6387.6, 50MA.

Support    2:                 6344.5, ascending trend line.  

Support    3:                 6288.0, 100MA.