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  • Bitcoin price is seen holding gains of around 1% on Thursday, as the market continues to pullback off the heavy pressured lows seen this week.
  • BTC/USD is being supported by a near-term ascending trend line, propping up the price in its recent adventures north.

 

 

BTC/USD 60-minute chart


 

Spot rate:                    0.28820

Relative change:        +2.79%

High:                           0.29603

Low:                            0.27558

Trend:                         Bearish
 

Support 1:                    6289.2, 50MA.

Support    2:                  6270.3,50MA.

Support    3:                  6145.0, demand area.

Resistance 1:             6474.9, (resistance on 60-minute chart).  

Resistance 2:             6527.0,   supply zone.

Resistance 3:             6647.0, 15th August high.