BTC/USD consolidates in a narrow range. Intraday RSI implies no breakthrough in the nearest future. One Bitcoin goes for $3,826 ant the time of writing, which is 1% more expensive than this time on Monday. While the recovery is shallow is still to gain ground, a sustainable move above $3,800 may bring some relief for short-term BTC bulls. Notably, the prices are supported by SMA100 (4-hour) currency ant $3,735. This area has been limiting the decline since Sunday. If it is cleared, the sell-off may be extended towards $3,600 with SMA200 (4-hour) located right below this handle. This barrier is likely to stop the downside and attract new buyers to the market. Otherwise, BTC/UDS will experience an increased downside pressure and move to explore new lows at $3,300. On the upside, the short-term recovery is capped by $3,880 (SMA50 4-hour, SMA50 1-hour, SMA200 1-hour) and psychological $3,900, strengthened by SMA100 1-hour). Once above, $4,000 will come into focus once again. However, we will need a convincing catalyst to drive the price above this level after the weekend’s failure. Considering that the Relative Strength Index is flat, in the neural territory on all intraday charts, we may suggest that the coin will continue the rangebound trading with a mild bullish bias. 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 EUR/USD: Probing key resistance at 1.1370, focus on Powell’s testimony FX Street 4 years BTC/USD consolidates in a narrow range. Intraday RSI implies no breakthrough in the nearest future. One Bitcoin goes for $3,826 ant the time of writing, which is 1% more expensive than this time on Monday. While the recovery is shallow is still to gain ground, a sustainable move above $3,800 may bring some relief for short-term BTC bulls. Notably, the prices are supported by SMA100 (4-hour) currency ant $3,735. This area has been limiting the decline since Sunday. If it is cleared, the sell-off may be extended towards $3,600 with SMA200 (4-hour) located right below this handle. This barrier… 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.