- Bitcoin price is still very much stagnant on Tuesday, after the heavy selling pressure over the weekend, down 0.85% on Tuesday.
- BTC/USD is encountering near-term resistance seen at $6850, 50MA on the 60-minute chart.
- No clear signs yet for a shift back into the bull’s favour or whether the bears will resume pressure.
BTC/USD 60-minute chart
Spot rate: 6814.50
Relative change: 0.85%
Support 1: 6780.00, entry of demand zone.
Support 2: 6630.00 (support on 60-minute chart).
Support 3: 6430.00, 1st April low.
Resistance 1: 6850.00 50MA.
Resistance 2: 7182.50, 100MA.
Resistance 3: 7735.70, underneath breached ascending channel.