- Bitcoin price nursing losses of around 0.5% in the session on Thursday.
- BTC/USD broke out of near-term support, this was eyed at an ascending trend line.
- Range trading has been observed for the past two sessions. Swinging between two dictating zones, supply and demand.
- Supply zone seen in the $6500 region, with firm buying within the $6400 territory.
BTC/USD 60-minute chart
Spot rate: 6427.8
Relative change: -0.45%
High: 6488.5
Low: 6412.5
Trend: Bearish
Support 1: 6420.0, support on 60-minute chart.
Support 2: 6410.0, demand zone.
Support 3: 6387.2, 16 October low.
Resistance 1: 6443.0, underneath broken trend line.
Resistance 2: 6460.4, resistance on 60-minute chart.
Resistance 3: 6480.5, supply zone.
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