Price of bitcoin surged recently and going above $2700 again as it gain momemtum.Break was come so far due to major bearish trend line with resistance at $2380 on 4-hours chart of BTC/USD as shown below.
But currently price is keep on consolidating above the $2650
Price of bitcoin after a major decline now recovered above $2500 against the US Dollar, and now BTC/USD placed well enough to continue higher in the next time.
4-HOURS MACD- The MACD is heavily placed in the bullish zone.
4-HOURS RSI(Relative Strength Index)- RSI is moving down from 65 level.
MAJOR SUPPORT LEVEL - $2600
MAJOR RESISTANCE LEVEL - $2900
