Bitcoin Technical Analysis: BTC/USD big bulls are back, but can they break $4000 again?
|- Bitcoin price on Monday was seen holding gains of over 4% in the second half of the session.
- A wave of buying pressure has come into play, thanks to a breakout from a narrowing daily range formation.
Spot rate: 3801.34
Relative change: +4.25%
High: 3829.27
Low: 3617.55
Trend: Bullish
Support 1: 3566.51, daily pivot point support.
Support 2: 3507.64, daily pivot point support.
Support 3: 3458.57, daily pivot point support.
Resistance 1: 3674.46, daily pivot point resistance.
Resistance 2: 3723.53, daily pivot point resistance.
Resistance 3: 3782.4, daily pivot point resistance.
BTC/USD 60-minute chart
- Bearish doji candlestick seen via the 60-minute, suggesting of a possible pullback.
BTC/USD daily chart
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