Bitcoin has opened the new trading month supported by bullish sentiment after the BTCUSD pair closed the week above its 100-day moving average for the first time since July 2018. The BTCUSD pair is also supported by the bullish pattern on the four-hour time frame, with both inverted head and shoulders and triangle breakout in play. The overall intraday bullish bias will remain in place while price trades above the $3,975 level.
The BTCUSD pair is intraday bullish while trading above the $3,975 level, key technical resistance remains at the $4,225 and $4,400 levels.
If the BTCUSD pair trades under the $3,975 level, sellers may test towards the $3,850 and $3,650 support levels.
