- Bitcoin price was holding modest gains of just 1% in the latter stages of trading on Thursday.
- BTC/USD price action has formed a rising channel, which can also be seen as bearish flag. Either way potentially subject to a break south.
BTC/USD 60-minute chart
Spot rate: 6423.1
Relative change: +0.93%
High: 6502.6
Low: 6350.0
Trend: Bullish/Neutral
Resistance 1: 6502.6, (resistance on 60-minute chart).
Resistance 2: 6815.0, upper trend line of rising channel.
Resistance 3: 6850.0, chunky supply area.
Support 1: 6392.1, 100MA and lower trend line of channel.
Support 2: 6245.0, (support on 60-minute chart).
Support 3: 5857.7, 14th August low and demand area.
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