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  • Bitcoin price on Monday trading down with marginal gains of 1%, after the huge surge on Sunday.
  • BTC/USD has formed a chunky looking bullish reversal candlestick, with that push seen during the session on 25th November.
  • Next big challenge for the bulls will be to smash back through $4500 price region.  

 

BTC/USD daily chart  

 


 
 

Spot rate:                   3908.44

Relative change:       -0.95%

High:                          4075.10

Low:                           3978.31

 

Trend:                         Bearish/Neutral

 

Support 1:                   3880.00, lower part part of recent range block.

Support 2:                   3563.52, daily pivot point support.

Support 3:                    3191.27,  daily pivot point support.

Resistance 1:              4092.97, upper part of range block.

Resistance  2:              4211.44,  daily pivot point resistance.

Resistance  3:              4487.10,  daily pivot point resistance.

 

BTC/USD 60-minute chart

  • Price action over the 60-minute chart view has formed a near-term range block, subject to an extended move north.