February 19, OctaFX – Bitcoin has finally turned bullish in the short-term after the number one cryptocurrency performed a technical breakout above the $3,700 level on Monday.
BTCUSD price technical prediction
If BTCUSD buyers can break the upcoming $3,960 resistance level, a strong rally towards the $4,600 level may occur. Technical indicators on the four-hour time frame continue to rise, with the BTCUSD pair also supported by bullish trading momentum.
- The BTCUSD pair is strongly bullish while trading above the $3,700 level, key technical resistance is found at the $3,960 and $4,600 levels.
- If the BTCUSD pair trades below the $3,700 level, key support is found at the $3,450 and $3,330 levels.
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