March 28, OctaFX – Bitcoin is trading back towards the $4,000 level on Thursday after the number one cryptocurrency found strong technical support from the $3,850 level earlier this week.
BTCUSD price technical analysis
The daily time frame shows that BTCUSD pair continues to trade above the triangle pattern, with a $400.00 upside target. Bitcoin also closed the session about its 100-day moving average for the first time since July 2018.
The BTCUSD pair is bullish while trading above the $3,850 level, key technical resistance remains at the $4,225 and $4,400 levels.
If the BTCUSD pair trades under the $3,850 level, sellers may test towards the $3,700 and $3,630 support levels.
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