Current Trend: Bullish
Resistance Levels: $4000, $4400-$4450
Support Levels: $3630-$3650, $3500
1. After breaking the $3630 resistance level yesterday (which will act as the new Support Level), BTC’s next target is to break $4000 resistance.
2. Bitcoin must close above $3630 today in order for the bull trend to continue.
3. If $4000 level is able to break, BTC’s next target is the range between $4400-$4450.
Currently trading at $3826, Bitcoin’s rally from the yearly low of $3150 might just have started. After Bitcoin broke the bearish descending pattern and broke above the major resistance level of $3630, Bitcoin bull’s target is $4400.
Bitcoin can face resistance at $4000 level and $4400 – $4450 levels. The cryptocurrency has now received more than 20% from its yearly low where it was trading 3 days back.