Bitcoin Eyes $3.8K After High-Volume Price Breakout - 4 BTC News
View Bitcoin gained 7.8 percent on Friday, confirming a falling wedge breakout on the daily chart. The bearish-to-bullish trend change was backed by a jump in trading volumes to levels last seen in mid-November. Prices could soon cross the 50-day moving average resistance at $ 3,642 and test resistance levels lined up at $ 3,800 and $ 4,000 in the next few days. A break below the Jan. 29 low of $ 3,322 would invalidate the bullish setup. That looks unlikely, though, as the high-volume wedge breakout has confirmed bearish exhaustion signaled by falling volumes on the weekly chart. Bitcoin