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Bitcoin Technical Analysis: BTC/USD leaps over 5% higher in just an hour, breaking out from flag pattern

  • Bitcoin price is within recovery mode, following the heavy selling pressure seen the prior to the weekend on Friday.
  • BTC/USD leaps over 5% in just an hour, after a bull flag patter was seen on the 60-minute time frame.

 

BTC/USD 60-minute chart

 

Spot rate:                                     6602.7

Relative change:               +3.98%

High:                                                   6681.1

Low:                                                      6275.0

 

Trend:                                                 Bullish

 

 

Support 1:                                  6500.0, psychological support.

Support 2:                                    6340.0, above broken bull flag.

Support 3:                                    6225.6, lower part of bull flag.

Resistance  1:                          6761.50, entrance of supply zone.

Resistance 2:                          6828.1, 20th June high.

Resistance 3:                           6900.0, (resistance on 60-minute chart).

 

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