Bitcoin Technical Analysis: BTC/USD $6000 still in danger

• Bitcoin price on Wednesday was nursing of some 1%, after the bears applied some pressure in the early part of the session.  
• BTC/USD has been trending lower, giving back all of the recent bull run from 31st October to 7 November.  
• As covered in the article yesterday, BTC/USD is still vulnerable to giving up $6000.  

BTC/USD 4-hour chart  

Spot rate:                   6191.0

Relative change:       -1.05%

High:                          6294.9

Low:                           6156.2

Trend:                        Bearish

Support 1:                 6155.6, daily pivot point support.

Support  2:                  6150.0,  demand zone & daily support.

Support  3:                 6064.7, 11 October low.  

Resistance  1:            6307.5, daily pivot point resistance.

Resistance  2:            6355.2,  daily pivot point resistance.

Resistance  3:            6383.4,  daily pivot point resistance.

BTC/USD 60-minute chart

• BTC/USD pressure weighted to the downside, buyers trying to protect the $6000 mark from being tested.