Bitcoin recently dropped impulsively downward which lead the price to trade in the support area between $3,500 to $3,600. The drastic fall is seen to be the effect of $5 Billion worth Crypto wipeout happened recently. The price recently formed Bullish Divergence. Price corrections may lead to further bullish pressure, but a daily close above $3,600, dynamic level 200 EMA, and Kumo Cloud resistance is going to encourage further bullish momentum which will push the price higher towards $4,000 area in the future. Though Bitcoin is under certain pressure which might lead to long term bearish momentum, the price still remains above $3,000 area with a daily close. Thus, BTC will follow the bullish bias in the nearest days.
SUPPORT: 3,000, 3,500
RESISTANCE: 3,600, 4,000, 4,250
BIAS: BULLISH
MOMENTUM: VOLATILE