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Mihai_Iacob

Bitcoin- Back at resistance. Will it break this time?

Long
Bitcoin (BITSTAMP:BTCUSD)  
Mihai_Iacob  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSDT BTCUSD btcsignals bitcoinsignals bitcoinanalysis cryptosignals signals signalservice signalprovider
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trendanalysis chartpattern indicator btcusdt btcusd btcsignals bitcoinsignals bitcoinanalysis cryptosignals signals signalservice signalprovider
In my previous BtcUsd analysis, I said that 35k-35.5k is strong support for bitcoin and the main cryptocurrency remains bullish as long as this level is intact.
As we can see from the chart, BtcUsd touched and reversed from this zone 3 times in the past month suggesting there is a strong demand under 36k.
Yesterday the price rose back to resistance and I'm looking for a break.
In this instance, Bitcoin could pass above the important 40k level.
I remain bullish as long as support is intact.
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