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  • Bulls recovered the price from $3,738 to $3,823 this Monday as they resume their plod towards the $4,000 mark.
  • Technical analysis shows the market re-entering bullish territory.

BTC/USD bulls pull the price up from $3,738 and $3,823 as the market grew by 2.4% this Tuesday. BTC/USD had earlier gone down from $4,100 to $3,738 as the bears provided massive resistance in the $4,000 territory. With the market comfortably below the $4,000 mark, the buyers have resumed their upwards plod again.

BTC/USD daily chart  

BTC/USD found support at $3,738 after this Sunday’s fall in price. The 20-day Bollinger band shows that the current price is trending above the 20-day simple moving average (SMA 20) curve, which shows a bullish sentiment. The relative strength index (RSI) graph shows a slight upward movement back into the overbought zone.