Bitcoin Technical Analysis: Small break from heavy selling, but another sharp drop could be pending, with areas of vital support just under $5,500 area

• Bitcoin price take an initial decent bounce off the lows, however very short-term bull move was unsustainable.
• Heavy pressure still see to the downside across the market, with eyes on a break of next vital support seen just below $5,500.

BTC/USD 30-minute  chart

Spot rate:                                     6096.10

Relative change:               -0.85%

High:                                                     6245.30

Low:                                                        6068.50

Trend:                                                   Bearish

Support 1:                                  6072.40, 100MA.

Support 2:                                    6013.00 (support on 30-minute chart).

Support 3:                                    5910.60, 22nd June low.

Resistance  1:                          6250.00 supply zone.

Resistance 2:                          6335.50, (resistance on 30-minute chart).

Resistance  3:                           6500.00, psychological area of resistance.