Bitcoin Technical Analysis: BTC/USD well-supported for a rocket through $4000
|- Bitcoin price is trading in minor positive territory on Tuesday, as the bulls look to regain some upside momentum.
- BTC/USD is still very much reliant on the underlying ascending trend line, which has been running since February.
BTC/USD 15-minute chart
- BTC/USD 15-minute chart view, price action is retesting a near-term top area see in early hours of Tuesday.
Spot rate: 3980.05
Relative change: +0.22%
High: 3984.64
Low: 3950.36
BTC/USD 60-minute chart
- Price action is moving within an ascending channel formation, subject to a potential breakout to the downside.
BTC/USD daily chart
- Long-running ascending trend line still playing a huge part in the bulls push for recovery.
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