BTCUSD POTENTIAL BULLISH PATTERN FORMING
Bitcoin continues to trade above the $4,000 level in early Thursday trade, with the recent short-term recovery in the BTCUSD pair finding interim resistance above the $4,300 level. The one-hour time frame is showing that a potential bullish inverted head and shoulders pattern may be starting to form. The MACD indicator on the one-hour time frame is also signalling that bullish momentum is building.
The BTCUSD pair is intraday bullish while trading above the $4,000 level, key resistance is found at the $4,350 and $4,680 levels.
If the BTCUSD pair trades below the $4,000 level, sellers may test towards the $3,700 and $3,510 support levels.
The BTCUSD pair is intraday bullish while trading above the $4,000 level, key resistance is found at the $4,350 and $4,680 levels.
If the BTCUSD pair trades below the $4,000 level, sellers may test towards the $3,700 and $3,510 support levels.
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