Bitcoin technical analysis: BTC/USD runs into problems within $7700 area, down 2.5%, price breaks supporting trend line

• Bitcoin back under pressure on Monday, down 2.5%, as price runs into another barrier within $7700 region.
• BTC/USD has cleared a supply zone within $7500 zone, however fails to maintain upside pressure.
• The price has breached a supporting ascending trend line, running from 29th May.

BTC/USD 60-minute chart

Spot rate:                                     7519.10

Relative change:               -2.58%

High:                                                       7764.00

Low:                                                       7485.00

Trend:                                                   Bearish

Support 1:                                   7485.00, today’s (Monday) low & (support on 60-minute chart)

Support 2:                                     7325.00, 1st June low (support on 60-minute chart)

Support 3:                                     7270.00, (support on 60-minute chart)

Resistance 1:                         7575, underneath the initial ascending support trend line.

Resistance 2:                        7660.00, 50 MA.

Resistance 3:                        7730.00, 24th May high & supply zone.