- Bitcoin price is once again on the back foot, dropping around 2%, testing the $7500 area to the downside.
- BTC/USD has been trading within an ascending channel pattern, which is at danger of a breakout from the bears.
- Key support is seen at $7550, a breach could open a new wave of selling Bitcoin.
BTC/USD 60-minute chart
Spot rate: 7552.00
Relative change: -1.80%
High: 7697.00
Low: 7543.60
Trend: Bearish
Support 1: 7550.00, lower trend line of channel.
Support 2: 7373.10, 5th June low.
Support 3: 7275.00, (support on 60-minute chart).
Resistance 1: 7595.00, 100 MA.
Resistance 2: 7660.00, 50MA.
Resistance 3: 7710.00 supply zone entrance.
Share
