- Bitcoin's price climbed higher to $ 4,040 before adjusting the US Dollar.
- The price fell below $ 4,000 and tested the key support area of $ 3,940. with a resistance of $ 3,970 per hour on the BTC / USD pair (Kraken data channel).
- The pair is currently moving lower, but remains well supported close to $ 3,940 and $ 3,920. $ 4,000 against the US dollar. BTC can go back as it trades over the $ 3900 turn-around area in the next sessions. The BTC / USD pair even broke the $ 4,020 level and traded at $ 4,040. The high level was formed at $ 4,041, and later the price was adjusted below $ 4020. Sellers pushed the price below the $ 4,000 and $ 3,980 levels. There was a break below 50% Fibos from the last leg of $ 3,884 low to $ 4,041
Hourly MACD – MACD is about to get back into the bear belt. USD has recently dropped below level 50, with a bearish angle.
Base levels of support – $ 3,940, followed by $ 3,920.
Basic Resistance Levels – $ 3,980, $ 4,000 and $ 4,040