- At around $3.560 has formed a strong support zone, so the exchange rate Bitcoin (BTC) will increase.
- On the four-hour chart is visible line of the bearish trend with resistance near $3.850 (according to the exchange Kraken).
- Soon the buyers will overcome the barrier of $3.850, and the price of BTC will reach $4.000.
On the Bitcoin market there are positive signsthat the rising trend will pick up momentum in that case, if you manage to break through the barrier of $3.800.
The price of Bitcoin will rise.
This week the value of Bitcoin fell below $3.560, however, in the neighborhood of $3.480 $3.500 observed increased activity of buyers. As a result, the price of BTC is kept in the range of $3.600 - $is 3,750. The recent depreciation of $4.111 to $3.489 cryptocurrency was trading above the 23.6% Fibonacci level. That is why the coin value has adjusted above the support zone of $3.600.
January 15, traders have overcome the descending triangle with resistance at $3.635. The rate of BTC has reached the average of 100 hours ($3.800), however, to gain a foothold above this mark have not yet succeeded. There is a new trendline, the price of coin fell to $3.700 and now varies in the range of $3.700 - $is 3,750. The bullish trend will meet 2 barrier resistance at $3,750 and $3,850. Now on the four-hour chart there is the descending trend resistance zone at $3.850.
Nand graph shows the positive dynamics of the Bitcoin exchange rate above the support zone around $3.600. To strengthen the bullish trend it is necessary to break through the barriers $3,800 and $3,850.
The MACD in 4 hours – in the zone of the bullish trend with positive signs.
The RSI 4 hours – above 50.
The main support level of $3.560.
Major resistance at $3.850.
Of course Bitcoin for a week prepared in accordance with technical indicators and current situation on the market!