- Bitcoin price was seen down over 3% on Wednesday, after a chunky sell-off late on Tuesday.
- BTC/USD formed a double top formation up at $7155, the price came crashing down upon completion, near-term support between $6900-800 taken out.
BTC/USD 60-minute chart
Spot rate: 6502.0
Relative change: -3.20%
High: 6720.1
Low: 6360.5
Trend: Bearish
Support 1: 6500.0, psychological area of support, already breached this session.
Support 2: 6360.5, today’s (Wednesday) low.
Support 3: 6175.0, demand zone & lows seen between 12-13th July
Resistance 1: 6665.0, consolidation area of 17th July, before bull run.
Resistance 2: 6840.4, 50MA.
Resistance 3: 6900.0, previous key demand zone.
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