The price has established a fresh bullish leg since February, and it looks that we are on the correct road to start a steady but powerful increase again long-term. Notice how the price stays inside the long-term Purchase Zone, therefore being (in cyclical terms) still a strong long-term buy.

The support rests at 39913.8 with resistance at 39986.9 which the price is above the Pivot Point at 39957.8 located between the lines. The EMA of 10 is in horizontal state, and it is below the EMA of 100 and 200. Both EMA of 100 and 200 are moving horizontally at the same point. The RSI is moving toward the level of 50, the MACD histogram is in positive territory with upward signals. The Stochastic is in low range zone with a buy signal. The ADX indicating an uptrend signal.
The price is below the Ichimoku Cloud and the Chinkou Span is faraway the market price. The Tenkan-sen and the Kijun-sen are both showing a downtrend.

• There is resistance at 39986.9, followed by resistance at 40030.9 and 40104.
• There is support at 39913.8 Below, there is 39884.7 and 39811.6.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

btcanalysis