- Bitcoin price seen down over 2% on Tuesday, as the market continues to cool after the break higher last week.
- BTC/USD under pressure, but catches a bid of support within a touted near-term demand area, within $6300-50 region.
- There could be one final piece to the puzzle, another shot lower to retest $6000 to the downside, before committed return of the bulls.
BTC/USD 60-minute chart
Spot rate: 6435.9
Relative change: -2.27%
High: 6858.1
Low: 6369.4
Trend: Bearish.
Support 1: 6375.0-6300, demand area.
Support 2: 6245.0, support on 60-minute chart.
Support 3: 6150.0, key demand area ahead of vital $6000 level.
Resistance 1: 6450.0, resistance on 60-minute chart.
Resistance 2: 6500.0, heavy supply area.
Resistance 3: 6570.0, resistance on 60-minute chart.