Bitcoin Technical Analysis: BTC/USD sees minor pullback for a stronger run

  • Bitcoin price nursing minor losses of just 1% on Thursday, after touching resistance on Wednesday around $4300-400 area.
  • BTC/USD price is well supported by an ascending trend line in the near-term.

 

BTC/USD 4-hour chart

 
 

Spot rate:                  4173.52

Relative change:      -1.20%

High:                         4253.92

Low:                          4097.41

 

Trend:                        Bullish

 

Resistance 1:             4352.29, 4-hour resistance & 29 November high.

Resistance 2:             4464.94, daily pivot point resistance. 

Resistance 3:             4707.32, daily pivot point resistance. 

Support 1:                  4135.00, near-term ascending trend line.

Support 2:                  4092.50, daily pivot point support.

Support 3:                  3876.71, 4-hour support.

 

BTC/USD 60-minute chart

  • BTC/USD ascending trend line can be seen as near-term support via the 60-minute view.

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