Bitcoin Technical Analysis: BTC/USD is in the waiting room for now, taking a deep breath ahead of next definitive direction

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  • Bitcoin was seen nursing marginal losses on Tuesday of 0.5%, after the big surge seen on Monday. Price ran into small resistance ahead of $6700.
  • If the bulls manage to hold above the near-term support around the psychological level of $6500, then next upside target is seen heading into the $7000 figure.

 

BCH/USD 60-minute chart

 

 

Spot rate:                   6581.2

Relative change:         -0.55%

High:                           6675.2

Low:                           6539.0

 

Trend:                         Neutral

 

 

Support 1:                   6500.0, psychological level & (support on 60-minute chart).

Support 2:                   6325.6, on top of broken bull flag pattern.

Support 3:                   6209.3, (support on 60-minute chart).

Resistance 1:             6680.0, supply zone.

Resistance 2:             6840.5, highs; 18th, 19th 20th June.

Resistance 3:             7000.0, (resistance on 60-minute chart).

 

Disclaimer. The eCoin does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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