Bitcoin Technical Analysis: BTC/USD was saved by $7500 support, reversal doji candlestick seen indicating of a shift in short-term direction, Bitcoin was heavily oversold

• Bitcoin is seen down around 1.5% through the mid-point of Wednesday’s session.  
• BTC/USD came under some heavy selling pressure on Tuesday, dropping over 8% over the day.
• A reversal doji candlestick has been spotted, indicating of a potential shift in the short-term trend, at the demand area of $7500.  

BTC/USD 60-minute chart

Spot rate:                    7615.0

Relative change:        -1.50%

High:                           7756.1

Low:                            7469.5

Trend:                         Bearish
 

Support 1:                 7530.7, (support on 60-minute chart).

Support 2:                 7469.5, today’s (Wednesday) low.  

Support 3:                  7340.2, 22nd/ & 23rd July low.  

Resistance 1:             7835.0, entrance to supply zone.  

Resistance 2:             7860.5, 50MA.

Resistance 3:            7900.0, consolidation area.