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Bitcoin (BTC/USD) Technical Analysis: How To Trade Key Broken Trend Line

  • The Bitcoin price down some 0.4% through the mid-point of the session on Monday.  
  • BTC/USD produces a shooting star on the 60-minute chart view.  
  • A near-term supporting ascending trend line is breached to the downside.  

 

BTC/USD 60-minute  chart  


 

Spot rate:                   6396.2

Relative change:       -0.40%

High:                          6427.0

Low:                           6376.2

 

Trend:                        Bearish

 

Support 1:                 6390.0, near-term demand.  

Support  2:                 6366.8, 20 October low area.

Support  3:                 6355.0, support on 60-minute.  

Resistance  1:            6401.0, broken ascending trend line.  

Resistance  2:            6410.0, resistance on 60-minute chart.  

Resistance  3:            6425.5, choppy area of supply.  

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