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Analysis: Coins Rally On as Selling Pressure Eases

The recovery in the major coins continued so far this week, as Bitcoin and NEO are leading the market higher after a choppy weekend. Friday’s decline faded away as the most important support levels held, with BTC remaining above $3500 and Ethereum bouncing off $250. BTC is now nearing the $4000 level after breaking above the declining trendline, and providing a short-term buy signal. Strong support is found near $3800, $3500, and $3150, while above $4000 key resistance is ahead at $4400. BTC/USD, 4-Hour Chart Analysis The other majors are mixed this week, as correlations are breaking down following the […]
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