BTC/USD crashes below ascending trend line support by some chunky force of sellers

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  • Bitcoin price nursing losses of around 1% during Wednesday’s session, after sellers pilling in during early hours.
  • BTC/USD crashed through a supporting trend line, stops triggered to the downside around $6,560. 
  • Buyers jumped in within a proven demand area, ranging from $6,464-400.

 

BTC/USD 60-minute chart 


 
 

Spot rate:                  6599.9

Relative change:      -0.95%

High:                         6663.1

Low:                          6513.5

 

Trend:                       Bearish

 

Support 1:                6460-40, demand zone.

Support 2:                6400.0, support on 60-minute chart.

Support 3:                6331.0, 25 September low. 

Resistance 1:           6560.1, 100MA (60-minute).

Resistance 2:           6575.9, breached ascending trend line. 

Resistance 3:           6640.0, supply zone. 

Source