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  • Bitcoin was seen trading down with some very minor losses of 0.5% on Monday.
  • BTC/USD bulls are currently sharpening their horns, in an attempt to breakdown $6500-600 area.
  • Once the mentioned supply zone is cleared, this should see a fresh wave of buying pressure come into play.

 

BTC/USD 60-minute chart


 

Spot rate:                    6452.1

Relative change:        -0.50%

High:                           6524.0

Low:                            6382.0

Trend:                         Bearish
 

Support 1:                   6429.0, 100MA.  

Support    2:                  6406.6, ascending trend line & 50MA.  

Support    3:                  6305.0, (support on 60-minute chart).

Resistance 1:              6500-600,chunky supply zone.  

Resistance 2:             6549.5, (resistance on 60-minute chart).  

Resistance 3:             6645.7,  15th August high.