Bitcoin price climbed higher and rebounded towards the $4,000 resistance area. BTC is facing a strong resistance near $4,000, above which it could accelerate higher. Likewise, altcoins like Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC) and EOS are facing significant resistances.

Key Takeaways:

  • Bitcoin price found support above $3,760 and rebounded above $3,800 and $3,850.
  • Ethereum price bounced back from the $125-126 support area, but faced sellers near $144.
  • Ripple price is still forming an important breakout pattern above the $0.3050 support.
  • EOS surged higher before it faced sellers near the $4.00 resistance.
  • SNPC, BTMX, GOT and RVN gained more than 150% during the past 7 days.

Bitcoin Price Analysis

After a downside correction, bitcoin price found support above the $3,750 and $3,760 support levels. BTC/USD traded as low as $3,762 and later started a fresh upward move above the $3,800 and $3,850 resistance levels.

Bitcoin Price Analysis BTC Chart

Bitcoin Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price likely formed a…

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