- Bitcoin price has managed to find some stability, after the price tanked over the course of the weekend.
- BTC/USD dropped around 13% from $7700 down to lows of $6620, breaking out of an ascending channel.
- A crucial demand zone has come into play, tracking from $6500 up to $6800, a break below would send Bitcoin down to $5000 territory.
BTC/USD 60-minute chart
Spot rate: 6753.20
Relative change: -0.10%
High: 6821.10
Low: 6629.70
Trend: Bearish/Neutral
Support 1: 6620.00, 10th June low.
Support 2: 6000.00, 6th February low.
Support 3: 5800.00, demand zone.
Resistance 1: 6830.50, (resistance on 60-minute chart)
Resistance 2: 7130.50, 50MA.
Resistance 3: 7385.30, 100MA.
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