THELOGICALINDIAN - Key Points
Bitcoin amount is in a cool bullish trend adjoin the US Dollar and added cryptocurrencies, and BTC/USD ability abide to move college appear $4500.
Bitcoin Price Continuous Gains
Bitcoin amount afterwards the Hard Fork connected to gain momentum aloft $3000 adjoin the US Dollar. The upside was so able that buyers were able to breach key attrition levels like $3700 and $3900. The amount alike bankrupt a anniversary akin of $4000 and afresh traded as aerial as $4098. The accepted uptrend is actual able and putting a lot of burden on added cryptocurrencies like Ethereum.
During the upside move, there was a breach aloft a acute application and ascendance triangle at $3765 on the 4-hours blueprint of BTC/USD. It has opened the doors for added assets aloft $4000 in the abreast term. The declared triangle at $3900 ability act as a abutment if the amount corrects lower from the accepted levels. The 23.6% Fib retracement akin of the aftermost beachcomber from the $3232 low to $4098 aerial is additionally at $3894.
Overall, the amount charcoal in a cool bullish trend and accurate aloft $3800. Any aloft declines in the abreast appellation can be advised as affairs befalling aloft $3800. On the upside, the contempo aerial at $4098 is an antecedent resistance. The abutting move hurdle for buyers could be at $4500.
Looking at the abstruse indicators:
4-hours MACD – The MACD is accepting abundant drive in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI is currently in the acute overbought zone.
Major Support Level – $3800
Major Resistance Level – $4100
Charts address – SimpleFX
