- Bitcoin price was seen holding modest gains on Wednesday of 0.20%,
- BTC/USD price action has formed a bullish pennant pattern, subject to an extended breakout to the upside.
- Price on the larger picture is still moving higher within an ascending channel pattern.
BTC/USD 60-minute chart
Spot rate: 7098.5
Relative change: +0.25%
High: 7139.4
Low: 7021.3
Trend: Bullish
Resistance 1: 7116.6,upper part of pennant.
Resistance 2: 7139.4, today’s (Wednesday) high.
Resistance 3: 7175.0, upper part of rising channel.
Support 1: 7053.8, lower part of pennant.
Support 2: 6959.6, 50MA.
Support 3: 6829.5, 100MA & top area of 22nd August.
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