Bitcoin reached $ 4,000. Bullrun started?
Source:
Yesterday the price has made a very important breakthrough — the main bitcoin managed to break through the resistance area of $ 3800. Now the asset in the uptrend and has the potential to test the line 4000 and 4200 dollars in the medium term.
The Overall situation looks like this:
the-
the
- on the way up the Bitcoin broke through the resistance and 3720 3880 USD;
- scale 1-hour chart has formed a bullish trend with next support in the area of 3800 dollars.
The coin was close to 4000 dollars to form a new local maximum; the
Today, in the afternoon, Bitcoin jumped to $ 4010, and then fell back to 3982. For the past day, the cryptocurrency has risen by 4.43 percent.
theTechnical analysis
A week Later, balancing just above $ 3,500 bulls finally made a successful attempt to seize control of the market in their hands. The price of Bitcoin pushed above resistance in the area of 3800 $ and 100 SMA moving average scale 1-hour chart.
The Explosive growth of the main crypto-currencies had a positive impact on the stock market — almost all altcoins are now showing very good results in terms of profitability. On the formation of uptrends also good effect to pump up to $ 150.
Now the price of Bitcoin is right near the main resistance that must be overcome in the short term. After growth of the cryptocurrency followed by a pullback, but buyers managed to hit the fall line 3840 dollars.
Source: Included
For the First time in several months the market situation looks really positive. February is almost always in the history of Bitcoin growth of the stock market, and it seems that the trend will prevail this time. If you are not in a trading position on BTC/USD, we recommend you to wait for re-breaking $ 4,000 for confirmation Longa.
The Readings of technical indicators talking about short-term pullback — MACD went bearish zone, but the RSI still indicates growth.
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