Bitcoin Technical Analysis: BTC/USD the charge is on, bulls are off but have much more to give as they sharpen their horns

  • Bitcoin price is seen holding gains of around 1% on Thursday, as the market continues to pullback off the heavy pressured lows seen this week.
  • BTC/USD is being supported by a near-term ascending trend line, propping up the price in its recent adventures north.



BTC/USD 60-minute chart


Spot rate:                   0.28820

Relative change:       +2.79%

High:                          0.29603

Low:                           0.27558

Trend:                        Bearish

Support 1:                  6289.2, 50MA.

Support  2:                 6270.3,50MA.

Support  3:                 6145.0, demand area.

Resistance 1:            6474.9, (resistance on 60-minute chart). 

Resistance 2:            6527.0,  supply zone.

Resistance 3:            6647.0, 15th August high.




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