Bitcoin Price Analysis: BTC/USD Halted At Stumbling Block, Its Fly Or Sink Here

[PRIBO247]

* Bull run halted just for the moment by near-term resistance
seen at $4350-450 price region.

* A failure to break above the mentioned area, could see the
price falling back towards the recent bottom area of $3500.

The Bitcoin price seen up holding decent gains in the latter
stages of trading on Wednesday, 11.5%. Bulls were stopped
short by a strong near-term area of resistance, seen within the
$4350-450 price region.
Should the bulls manage to breakdown the mentioned
resistance, there will be some room for some chunky upside
movements. There isn’t much in the way of reclaiming the big
psychological $5000 mark.
A failure to break through and push above the mentioned area of
resistance, then BTC/USD could see its recent gains completely
reversed. The price could be forced to retreat back down at the
recent bottom area of $3500.

Source : https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-analysis