Ken Chigbo
Independent Analyst
- Bitcoin price was trading within the red again on Tuesday, nursing losses just shy of 1%, as bears continue to chip away.
- BTC/USD continues to move within a narrowing range, big breakout pending from this pennant.
BTC/USD 60-minute chart
Spot rate: 6266.5
Relative change: -0.77%
High: 6399.6
Low: 6241.0
Trend: Bearish
Support 1: 6243.7, lower part of pennant/triangle pattern.
Support 2: 6145.0, support on 60-minute chart.
Support 3: 6000.0, psychological level.
Resistance 1: 6327.0, 50 & 100MA.
Resistance 2: 6370.5, upper part of pennant.
Resistance 3: 6400.0, resistance 60-minute chart.
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