Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar.
The price fell significantly recently, but buyers protected the $3,800 support area.
There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair remains in an uptrend and it is likely to accelerate above $4,000 and $4,100 in the near term.
Bitcoin price is grinding higher with a positive bias above $3,800 against the US Dollar. BTC/USD buyers are in control and they seem to eye a test of the $4,200 resistance level.
The price fell significantly recently, but buyers protected the $3,800 support area.
There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair remains in an uptrend and it is likely to accelerate above $4,000 and $4,100 in the near term.
Bitcoin price is grinding higher with a positive bias above $3,800 against the US Dollar. BTC/USD buyers are in control and they seem to eye a test of the $4,200 resistance level.