Bitcoin Technical Analysis: The big bad bears just keep on coming, but they have a challenge to overcome if they want some further downside

• Bitcoin was seen down just shy of 1% on Thursday, as a softening in prices was still seen across the board.  
• Chunky support for BTC/USD seen around the $7500 area, bears must breakdown to open up door to fresh selling.  

BTC/USD 60-minute chart

Spot rate:                    7539.3

Relative change:        -0.90%

High:                          7713.0

Low:                           7510.4

Trend:                         Bearish

Support 1:                  7510.4,  today’s (Thursday) low & demand zone.

Support 2:                  7470.0, latter part of key near-term demand zone &  

Support 3:                  7450-400, consolidation area.

Resistance 1:             7620.7, 50MA.

Resistance 2:             7680.0, (resistance on 60-minute chart).

Resistance 3:             7815.0, supply zone entrance & 23rd July high.