Bitcoin is testing above the $4,000 resistance level in early Thursday trade, with the number one cryptocurrency confined to its smallest two-week trading range since October 2018. Despite the narrow trading ranges, the BTCUSD pair still retains a bullish bias while trading above the symmetrical triangle pattern on the four-hour time frame. Only a sustained move below the $3,850 support level can negate the intraday bullish bias surrounding the BTCUSD pair.
The BTCUSD pair is bullish while trading above the $3,850 level, key technical resistance remains at the $4,240 and $4,400 levels.
If the BTCUSD pair moves under the $3,850 level, sellers may test towards the $3,700 and $3,630 support levels.
