Bitcoin is back under selling pressure below the $4,000 level in early Thursday trade after buyers failed to break above the important $4,400 resistance. The recent move higher may be classed as a technical correction rather than a change in the short-term trend. The $3,600 level is now the foremost support level to watch if the BTCUSD pair declines below its one-hundred period moving average on the four-hour time frame.
The BTCUSD pair is bearish while trading below the $4,000 level, key support is found at the $3,600 and $3,300 levels.
If the BTCUSD pair trades above the $4,000 level, buyers may test towards the $4,400 and $5,000 resistance levels.
The BTCUSD pair is bearish while trading below the $4,000 level, key support is found at the $3,600 and $3,300 levels.
If the BTCUSD pair trades above the $4,000 level, buyers may test towards the $4,400 and $5,000 resistance levels.
