Bitcoin Technical Analysis: BTC/USD the bulls need to sharpen their horns to breakthrough the game changing resistance

• Bitcoin was seen trading down with some very minor losses of 0.5% on Monday.
• BTC/USD bulls are currently sharpening their horns, in an attempt to breakdown $6500-600 area.
• Once the mentioned supply zone is cleared, this should see a fresh wave of buying pressure come into play.

BTC/USD 60-minute chart

Spot rate:                   6452.1

Relative change:       -0.50%

High:                          6524.0

Low:                           6382.0

Trend:                        Bearish
 

Support 1:                  6429.0, 100MA. 

Support  2:                 6406.6, ascending trend line & 50MA. 

Support  3:                 6305.0, (support on 60-minute chart).

Resistance 1:            6500-600,chunky supply zone. 

Resistance 2:            6549.5, (resistance on 60-minute chart). 

Resistance 3:            6645.7, 15th August high.