Bitcoin's 14-month bear market has ended up creating a similar price pattern to one that paved the way for a bull run in 2015.
Bitcoin's bulls need to break key resistance at $4,040 to force a continued rally, the three-day chart indicates.
Bitcoin is showing signs of buyer exhaustion and could see a minor pullback unless resistance at $4,000 is scaled soon.
Bitcoin's four-week price rally now faces a former support-turned-resistance level that repeatedly capped gains in 2018.
Active addresses on bitcoin's blockchain have increased 20 percent in recent weeks. So, why is the BTC price trading sideways?
Bitcoin's current period of price consolidation may end with a bull breakout, price-volume analysis indicates.
Bitcoin is trapped in a key trading range for the 13th week, with a break above the upper edge needed to confirm a longer-term bull reversal.
Bitcoin's repeated failure to beat resistance at $3,900 is a slight cause of concern for the bulls.
Bitcoin still needs to beat several key resistance levels to confirm a longer-term bull reversal.
With bitcoin's quick reversal of the losses seen on Monday, the technical charts are again pointing to a rally to $4,000.