- 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
-636867281111037399.png)
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.
Share
