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  • Bitcoin price trading within minor losses of just some 0.15% on Wednesday.  
  • BTC/USD price has been swinging in and out of gains and losses, lack of commitment continues.  
  • Price action is moving within a descending wedge pattern, heavily restricted for now.  

 

BTC/USD 60-minute chart  

 
 

Spot rate:                   6445.1

Relative change:       -0.60%

High:                          6545.1

Low:                           6424.6

 

Trend:                        Bearish/Neutral

 

Support 1:                  6400.0,  support on 60-minute chart.

Support 2:                  6365.5, demand area.  

Support 3:                  6328.0, 25th September low.

Resistance  1:             6450-70, previous action demand zone.  

Resistance  2:             6505.0, descending trend line.

Resistance  3:             6520.0, resistance on 60-minute & 50MA.