Bitcoin Might Reverse Bears

Bitcoin Might Reverse Bears – There was a strong bulls in Bitcoin above $4000 resistance against US Dollar. BTC/USD broke the $4100 resistance and traded at $4188 a new monthly high. The price rejected at $4190 resistance and railed down to $3712 a new weekly low. globalexchange.
Global exchange. The hourly chart demonstrates BTC cost made a reverse pattern from $4100 resistance and traded below $3800 support level. Break above $3800 might take the cost close to new bulls. Otherwise, break below can go upto $3650 resistance level. globalxchange. The hourly MACD for the pair is slowly moving towards 0 level and RSI is in the oversold zone.

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