Bitcoin has finally turned bullish in the short-term after the number one cryptocurrency performed a technical breakout above the $3,700 level on Monday. If BTCUSD buyers can break the upcoming $3,960 resistance level, a strong rally towards the $4,600 level may occur. Technical indicators on the four-hour time frame continue to rise, with the BTCUSD pair also supported by bullish trading momentum.
The BTCUSD pair is strongly bullish while trading above the $3,700 level, key technical resistance is found at the $3,960 and $4,600 levels.
If the BTCUSD pair trades below the $3,700 level, key support is found at the $3,450 and $3,330 levels.
