Bitcoin Hates Bears – Bitcoin saw a downtrend in price below $4000 against US Dollar. BTC/USD declined below the $3990 and 3970 resistance levels. The $3980 acted as good support for bitcoin price. Later the $3980 acted as good support and the price started upside correction. The pair broke the 50% Fib retracement level. globalexchange.
Global exchange. The hourly graph demonstrates that BTC price is slowly running in the green direction above $3990 level. Break above $4000 take price higher. Otherwise, the price might break down to $3940 resistance level. globalxchange. The hourly MACD for the pair is in the slowing down from bulls and RSI is sliding form 50 level.
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