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

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  • 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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