Bitcoin Technical Analysis: BTC/USD selling pressure is far from over, as bears lock sights on $6000

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  • Bitcoin downside pressure has resumed on Thursday, nursing losses of 0.3%.
  • BTC/USD is heading for another key demand zone, which is seen just ahead of the $6000 figure. 

 

 

BTC/USD daily chart


 

Spot rate:                   6257.3

Relative change:       -0.37%

High:                         6384.7

Low:                          6230.9

Trend:                        Bearish
 

Support 1:                 6180-6090.0, demand area ahead of big 6000 level. 

Support 2:                 6000.0, psychological support. 

Support 3:                 5800.0, (support on daily chart).

Resistance 1:            6405.5, (resistance on daily chart). 

Resistance 2:            6650.0, supply zone. 

Resistance 3:            6840.0, 7th July high.

 

 

 

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