- Bitcoin had rallied a strong 9% on Thursday, part of a solid week of gains.
- BTC/USD price behavior suggest another surge higher could very much be in the works.
BTC/USD 15-minute chart
Spot rate: 4021.18
Relative change: +9.30%
High: 4109.64
Low: 3658.76
Trend: Bullish
Resistance 1: 4029.35, daily pivot point resistance.
Resistance 2: 4134.72, daily pivot point resistance.
Resistance 3: 4300-400, upper part of range.
Support 1: 3577.7, daily pivot point support.
Support 2: 3472.33, daily pivot point support.
Support 3: 3299.19, daily pivot point support.
BTC/USD 4-hour chart
- Next major area of resistance to be broken down will be $4300-400, which can unlock the door to $5000.
BTC/USD daily chart
- Daily shows just how fast BTC/USD can rocket back towards $6000, should small near-term barriers be broken down.
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