BTC Rally above $4000 will be stronger upto $4400 level
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.
Janet F. Sanchez
Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.