Bitcoin is attempting to stage an upside recovery on Thursday, after key trendline support on the daily time frame held firm earlier this week. If BTCUSD bulls can move price above the February trading high, the number one cryptocurrency is likely to test its 100-day moving average, at $4,200. The daily time frame also shows that the Stochastic and RSI indicators have turned bullish.
The BTCUSD pair is bullish while trading above the $3,650 level, key technical resistance is found at the $4,000 and $4,200 levels.
If the BTCUSD pair trades below the $3,650 level, sellers may test towards the $3,500 and $3,300 support levels.
