BTC: is it way back up?

BTC: is it way back up?

Bitcoin / Dollar BITFINEX:BTCUSD


The current situation resembles a lot the one we had about two weeks ago. For now BTC re-tested the critical support at $3600 and managed to climb up a bit.

Possible targets could be the significant support turned resistance $3700 (along with 200 days moving average line and Fibb retracement level 38.2% of the last decline), or even $3800.

The next support levels are at $3600 (current area), and $3480 – $3500. The last is a crucial support zone . Breaking it down could lead Bitcoin to discover new lows hadn’t seen yet in 2018. Breaking down the $3500 could lead Bitcon quickly to re-test $3300 support.