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Bitcoin has been consolidating at the edge of $4,000. The price is currently trading higher, aiming to break above $4,000. The price is being carried by the dynamic levels like 20 EMA, Tenkan, Kijun, and Kumo Cloud as support that is indicating further bullish momentum in the coming days.
MACD is showing no evidence of bearish divergence that showcases the reliability and sustainability of the upcoming bullish pressure. The price recently also broke above the trend line diagonal resistance while Chikou Span also broke above the price line resistance. As the price remains above $3,900, being held by the dynamic levels and trend line as support, the probability of breaking above the $4,000 area will be quite high. Thus, the price might climb much higher towards $4,250 and later towards $4,500.
SUPPORT: 3,500, 3,600, 3,900
RESISTANCE: 4,000, 4,250, 4,500
BIAS: BULLISH
MOMENTUM: VOLATILE
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