FX.co ★ Analysis of Bitcoin for March 11, 2019

Bitcoin has been quite volatile and corrective below $4,000 area while being carried by the dynamic levels as support. The price regained momentum slowly after a dip below $3,900 area after bouncing off the $3,800 area recently.

The price is currently being held by the dynamic level of 20 EMA, Tenkan, Kijun and Kumo cloud as support which is expected to carry the price higher towards $4,000 area in the coming days. The Chikou span is residing inside the price line which signals certain correction and volatility is still on the way but the bias is still bullish. As of the current price formation, it is expected to push higher towards $4,000 area in the coming days as it remains above $3,800 area with a daily close.

SUPPORT: 3,500, 3,600, 3,800

RESISTANCE: 4,000, 4,250

BIAS: BULLISH

MOMENTUM: VOLATILE