March 21, OctaFX – In this Bitcoin price analysis, the BTCUSD pair is testing above the $4,000 resistance level in early Thursday trade, with the number one cryptocurrency confined to its smallest two-week trading range since October 2018.
BTCUSD price technical prediction
Despite the narrow trading ranges, the BTCUSD pair still retains a bullish bias while trading above the symmetrical triangle pattern on the four-hour time frame. Only a sustained move below the $3,850 support level can negate the intraday bullish bias surrounding the BTCUSD pair.
The BTCUSD pair is bullish while trading above the $3,850 level, key technical resistance remains at the $4,240 and $4,400 levels.
If the BTCUSD pair moves under the $3,850 level, sellers may test towards the $3,700 and $3,630 support levels.
This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.