The 4k has previously been rejected multiple times while first acting as a resistance and then the support. Yet again price rejected the 4k level on the 2nd of February and continues to trade around it for the last three days.
The 8/1 is very close and should act as additional confirmation of the support. GNT/BTC could remain near the for another week and produce spikes lower than the , nevertheless, the trend looks and soon than later price is expected to rise.
The first major resistance is at 8k satoshi, second is at 11k and third is at 13k . On the downside, only break and close below 1.5k support could invalidate long-term outlook.
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