Bitcoin is attempting to recover short-term bullish momentum, with buyers now testing towards the important $3,960 resistance level. Failure for the BTCUSD pair to move above the $3,960 level will create the formation of a bearish triple-top pattern. If buyers can break above the $3,960 level, the $4,200 and $4,400 levels will become the immediate upside targets for bulls.
The BTCUSD pair is bearish while trading below the $3,960 level, key support remains at the $3,550 and $3,300 levels.
If the BTCUSD pair trades above the $3,960 level, buyers may test towards the $4,200 and $4,400 resistance levels.
The BTCUSD pair is bearish while trading below the $3,960 level, key support remains at the $3,550 and $3,300 levels.
If the BTCUSD pair trades above the $3,960 level, buyers may test towards the $4,200 and $4,400 resistance levels.
