- Bitcoin price on Tuesday was seen nursing losses just of 0.25%, after initially dealing with heavy selling pressure earlier in the session.
- BTC/USD price action is moving within a rising channel pattern, lower trend line stops another wave of selling.
- Huge demand area is seen within the $6350 area, which was also a helping hand.
BTC/USD 30-minute chart
Spot rate: 6386.5
Relative change: -0.25%
High: 6388.5
Low: 6356.1
Trend: Bearish
Support 1: 6356.0, lower part of channel.
Support 2: 6355.0, demand zone.
Support 3: 6147.5, 14 October low.
Resistance 1: 6400.0, upper part of channel.
Resistance 2: 6410.5, supply zone.
Resistance 3: 6550, resistance on 30-minute chart.
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