Bitcoin price intraday bullish above $3,975

April 1, OctaFX – Bitcoin has opened the new trading month supported by bullish sentiment after the BTCUSD pair closed the week above its 100-day moving average for the first time since July 2018.

BTCUSD price analysis

The BTCUSD pair is also supported by the bullish pattern on the four-hour time frame, with both inverted head and shoulders and triangle breakout in play. The overall intraday bullish bias will remain in place while price trades above the $3,975 level.

  • The BTCUSD pair is intraday bullish while trading above the $3,975 level, key technical resistance remains at the $4,225 and $4,400 levels.

  • If the BTCUSD pair trades under the $3,975 level, sellers may test towards the $3,850 and $3,650 support levels.

Bitcoin price intraday bullish


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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