Home Bitcoin Technical  Analysis: BTC/USD huge psychological $6000 level remains intact for now, big breakout is very close
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Bitcoin Technical  Analysis: BTC/USD huge psychological $6000 level remains intact for now, big breakout is very close

  • Bitcoin price was trading within the red again on Tuesday, nursing losses just shy of 1%, as bears continue to chip away.  
  • BTC/USD continues to move within a narrowing range, big breakout pending from this pennant.    

 

BTC/USD 60-minute chart


 

Spot rate:                    6266.5

Relative change:        -0.77%

High:                           6399.6

Low:                            6241.0

 

Trend:                         Bearish

 

Support 1:                   6243.7, lower part of pennant/triangle pattern.  

Support    2:                  6145.0, support on 60-minute chart.

Support    3:                  6000.0,  psychological level.

Resistance 1:             6327.0, 50 & 100MA.

Resistance 2:             6370.5, upper part of pennant.    

Resistance 3:             6400.0, resistance 60-minute chart.

 

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