Bitcoin Price Bullish Above $3,460

February 11, OctaFX – Bitcoin has a bullish short-term bias on Monday after BTCUSD buyers forced price towards the $3,700 resistance, after weeks of price consolidating inside a descending channel.

BTCUSD Price Technical Prediction

The $3,460 level is now former key resistance turned support, while moves above the $3,700 may provoke a test of the $4,000 level. The Moving Average Convergence Divergence indicator on the four-hour time frame is also starting to trend higher.

  • The BTCUSD pair is bullish while trading above the $3,460 level, key technical resistance is found at the $3,700 and $4,000 levels.
  • If the BTCUSD pair trades below the $3,460 level, key support is found at the $3,280 and $3,120 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.

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