- Bitcoin continued to come under selling pressure on Wednesday, dropping to lowest level since February.
- BTC/USD has breached the very lowest part of a strong touted demand zone, which tracked from $6800-6380
- The price managed to receive a small bounce at the back end of a supporting area.
BTC/USD 60-minute chart
Spot rate: 6224.90
Relative change: – 4.95%
Support 1: 5998.60, 26th February lows.
Support 2: 5775.00, demand area.
Support 3: 5500.00, (support on 60 minute)
Resistance 1: 6670.00, 50MA,
Resistance 2: 6900.00, (resistance on 60-minute).
Resistance 3: 6920.00, 100MA.