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Bitcoin Technical Analysis: BTC/USD big bulls are back, but can they break $4000 again?

  • Bitcoin price on Monday was seen holding gains of over 4% in the second half of the session.
  • A wave of buying pressure  has come into play, thanks to a breakout from a narrowing daily range formation.  

Spot rate:                3801.34

Relative change:     +4.25%

High:                        3829.27

Low:                         3617.55

Trend:                       Bullish

Support 1:                3566.51, daily pivot point support.

Support 2:                3507.64, daily pivot point support.

Support 3:                3458.57, daily pivot point support.

Resistance 1:           3674.46, daily pivot point resistance.

Resistance  2:           3723.53, daily pivot point resistance.

Resistance  3:           3782.4, daily pivot point resistance.

BTC/USD 60-minute chart

  • Bearish  doji  candlestick seen via the 60-minute, suggesting of a possible pullback.  

BTC/USD daily chart

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