Bitcoin price above $2000 against the US Dollar

Bitcoin price rocketed above $2000 against the US Dollar, and now it looks like there can be continuous gains in BTC/USD towards $2100-2200.

Bitcoin price soared higher and cleared a major hurdle at $2000 against the US Dollar, as mentioned in the last weekly analysis.

There are a few important bullish trend lines with support at $1980 and $1850 formed on the 4-hours chart of BTC/USD (data feed from SimpleFX).

The price is likely to continue moving higher, and may soon break $2100 for further gains.

Bitcoin price rocketed above $2000 against the US Dollar, and now it looks like there can be continuous gains in BTC/USD towards $2100-2200.


The overall trend is bullish with chances of a break above $2072 for a move above $2100. The price may even target $2150 and $2200 during the coming sessions. On the downside, we can keep an eye on $2000 and $1850 as crucial supports.
Looking at the technical indicators:
4-hours MACD – The MACD is currently super bullish, calling for more gains.
4-hours RSI (Relative Strength Index) – The RSI is heading higher in the overbought levels.
Major Support Level – $1980

Major Resistance Level – $2100

Charts courtesy – SimpleFX