Technical analysis , Neutral. Technical indicator is a strong buy . Moving average is strong bull .
There was yet another rejection of Bitcoin's resistance to the US dollar of $3,660. The BTC / USD pair was lower than $3,600 and tested the $3,550 key support area. Buyers protected $3,550 and the price rebounded. It went up over $3,580 and $3,600
There was also a break above the fiber retraction level of 50% of the recent decline from the high $3,715 to the low $3,549. More importantly, there was a close over $3,600 and a simple moving average of 100 hours.
There was yet another rejection of Bitcoin's resistance to the US dollar of $3,660. The BTC / USD pair was lower than $3,600 and tested the $3,550 key support area. Buyers protected $3,550 and the price rebounded. It went up over $3,580 and $3,600
There was also a break above the fiber retraction level of 50% of the recent decline from the high $3,715 to the low $3,549. More importantly, there was a close over $3,600 and a simple moving average of 100 hours.