- Bitcoin price was trading with very minor losses on Friday, after coming under pressure in the late stages of trading on Thursday.
- BTC/USD could still be susceptible to further downside, with the support around $7800 not looking overly reliant.
BTC/USD 60-minute chart
Spot rate: 7922.2
Relative change: -0.2%
High: 7999.9
Low: 7848.0
Trend: Neutral/Bearish
Support 1: 7848.0, today’s low & demand zone
Support 2: 7687.8, consolidation area seen on 23rd July, before bull run.
Support 3: 7603.5, (support on 60-minute chart).
Resistance 1: 8075.9, 100MA.
Resistance 2: 8135.0, 50MA.
Resistance 3: 8328.7, resisting area as seen on 24th & 25th July.