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  • Bitcoin price Wednesday up holding healthy gains of 5% in the early part of the session.  
  • BTC/USD bulls are attempting to convincingly clear the $4000 territory.  
  • Resistance has been seen over the past few sessions  around  the $4100 mark, a break above will likely invite much buying pressure.

 

BTC/USD daily chart

 
 

Spot rate:                   3973.71

Relative change:       +5.12%

High:                          4105.59

Low:                           3768.48

 

Trend:                         Bullish

 

Resistance 1:              4100.00, top area 25-28 November.

Resistance  2:              4148.39, daily pivot point resistance.

Resistance  3:              5500.00, supply area, 15-18 Nov top area.

Support 1:                   3612.65, daily pivot point support.

Support 2:                   3452.06, daily pivot point support.

Support 3:                   3344.78, daily pivot point support.

 

BTC/USD 60-minute chart

  • BTC/USD is moving within an ascending channel pattern, will bulls looking to breakdown resistance within $4100 region.