Hi Tview Friends, Here is the update chart analysis for bitcoin US dollar pair.
On the technical aspect, the Fib retracement extension is at 0.382 and is moving closely to the 1st resistance line at 3870.32. Meanwhile, the support line is near the 0.5 Fib retracement.
There was also bearish engulfing, followed by a bullish engulfing which was seen during the last 10-hour trading session. Currently, the BTC is priced at $3,862.10, down by 0.07%, but it bounced up by 0.27% during the last hour trading session.
There is a bullish sentiment for a long-term trade on the BTC/USD pair. I have seen a potential recovery of the Bitcoin back to the $4,000 range. Bullas are also providing a support to BTC at the 20 day moving average exponential. Both MA and StochRSI are in the positive area.
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