Home / Featured / Bitcoin Rebounds From Yearly Lows Into Resistance at the $3,700 Handle — Can the Bulls Continue to Climb Higher?

Bitcoin Rebounds From Yearly Lows Into Resistance at the $3,700 Handle — Can the Bulls Continue to Climb Higher?

  • Bitcoin has rebounded from fresh yearly lows at $3,215 into combined resistance at the $3,701 handle.
  • The market is still in uncertain conditions as the daily RSI rests at the 50 handle.
  • Support moving forward: $3,544, $3,482, $3,420, $3,405, $3,333, $3,280, $3,228, $3,083, $3,000, $2,885, $2,482, $2,356.
  • Resistance moving forward: $3,701, $3,851, $3,885, $3,959, $4,001, $4,067, $4,298, $4,576, $4,931, $5,360.

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Last week, we had suggested that Bitcoin may have been at a turning point within the market.

After our analysis, BTC/USD fell further lower to create fresh 2018 price lows at around $3,215. However, after placing these lows the market rebounded and began to rise.

Bitcoin has seen a small surge over the past few days which has resulted in the cryptocurrency climbing back up into resistance around the $3,700 handle.

Over the past few days, there has been little major news about Bitcoin.

One positive development is the appointment of a new…


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