Bitcoin Technical Analysis: BTC/USD at serious danger of a fast fall, after the bulls failed to stage reversal

• Bitcoin is on the back foot on Monday down over 1%, with risk of fast fall. 
• Bears are toying with a key near-term zone of support, tracking around the $6900-6800 area. 

BTC/USD 60-minute chart

Spot rate:                   6941.9

Relative change:       -1.19%

High:                         7153.6

Low:                          6930.3

Trend:                       Bearish
 

Support 1:                 6900.0-6800.0, key near-term demand zone.

Support 2:                 6680.0, consolidation area on 17th July, prior to chunky bull run. 

Support 3:                 6128.0, 14th July low. 

Resistance 1:            7015.50, 50MA.

Resistance 2:            7150.0, top area seen today (Monday).

Resistance 3:            7227.7, 100MA.