BTC/USD slips back below $4,000. The support at $3,900 is likely to stop the downside. Bitcoin (BTC) slipped below $4,000 once again, enable to develop bullish momentum. The first digital coin is changing hands at $3,980, down 1.2% since this time on Thursday. Low trading activity after a collapse below the critical $4,000 handle during early Asian hours implies rangebound trading. On the intraday level, BTC/USD is supported by $3,950 strengthened by SMA50 (4-hour) and SMA200 (1-hour). Once this barrier is passed, a stronger support at $3,900 will come into focus. Considering flat RSI on intraday charts, the price is likely to stay in the recent range, limited by the above-mentioned $3,900 support on the downside and $4,000-$4,050 on the upside. However, a sustainable move in either direction into the end of the week might trigger strong price swings, especially during less liquid weekend trading. On the upside, we will need to pass $4,050 to get out of the trap. The next bullish target comes at $4,187 (February high) and $4,200. BTC/USD, 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY: Risk aversion returns, 110.40/30 regains market attention FX Street 4 years BTC/USD slips back below $4,000. The support at $3,900 is likely to stop the downside. Bitcoin (BTC) slipped below $4,000 once again, enable to develop bullish momentum. The first digital coin is changing hands at $3,980, down 1.2% since this time on Thursday. Low trading activity after a collapse below the critical $4,000 handle during early Asian hours implies rangebound trading. On the intraday level, BTC/USD is supported by $3,950 strengthened by SMA50 (4-hour) and SMA200 (1-hour). Once this barrier is passed, a stronger support at $3,900 will come into focus. Considering flat RSI on intraday charts, the price… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
