Bitcoin has been struggling at the edge of $4,250 area recently while being supported by the dynamic levels as well as Kumo Cloud in the process. The price is currently starting push higher after a pullback below $4,250 area which is expected to lead the price much higher towards $4,500 and later towards $5,000 area. The bias in the market is still quite indecisive as bullish counter-moves are impulsive but short-lived whereas the bearish pressure seemed to have certain difficulties, pushing the price lower consistently. In the meantime, the price is expected to push higher as it remains above $4,000 area and being held by the Kumo Cloud as support in the process.
SUPPORT: 3,500, 4,000
RESISTANCE: 4,250, 4,500, 5,000
BIAS: BULLISH
MOMENTUM: VOLATILE
