- 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.
Latest Bitcoin News
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…