Former resistance in the 4400-4500 zone should act as support going forward and pair remains bullish above there

in #bitcoin • 7 years ago

Bitcoin pushed higher against the Dollar on Tuesday, breaking through 4500 resistance and trading as high as 4648 before finishing the day at a record breaking 4587:

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Not much follow-through yet and pair is currently down on the day, but bulls will seek to capitalize on the break and push higher towards the 5000 mark over the coming sessions. 5000 is psychologically significant and is also bordered by a pair of fibonacci extension targets at 4907 and 5044.

Former resistance in the 4400-4500 zone should act as support going forward and pair remains bullish above there. Alternatively, a close below 4400 would signal a false-break and possible top.

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7 years ago in #bitcoin by
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