Bitcoin Technical Analysis: BTC/USD is very close to bursting into the sky
|- Bitcoin price Wednesday up holding healthy gains of 5% in the early part of the session.
- BTC/USD bulls are attempting to convincingly clear the $4000 territory.
- Resistance has been seen over the past few sessions around the $4100 mark, a break above will likely invite much buying pressure.
BTC/USD daily chart
Spot rate: 3973.71
Relative change: +5.12%
High: 4105.59
Low: 3768.48
Trend: Bullish
Resistance 1: 4100.00, top area 25-28 November.
Resistance 2: 4148.39, daily pivot point resistance.
Resistance 3: 5500.00, supply area, 15-18 Nov top area.
Support 1: 3612.65, daily pivot point support.
Support 2: 3452.06, daily pivot point support.
Support 3: 3344.78, daily pivot point support.
BTC/USD 60-minute chart
- BTC/USD is moving within an ascending channel pattern, will bulls looking to breakdown resistance within $4100 region.
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