Bitcoin price escalates, surging high, chances for pull down?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In the early hours, the price fell off from the bullish trend , and moved toward $3700, failing to keep up the momentum. No sooner did it plunge to $37200, the price took a curve to surge from this point. Sticking to the current motion, Bitcoin might move up to $4000 and set a new high for the day, shortly. Failing to move further, the price may dip again near $3700.
A selling pressure as strengthening, however currently the MACD is to intersect and RSI is seen dropping to 54. So the second possibility of price dip is in handa for BTC .

Comment: Resistance level marks at $38867
Support level seen at $38701


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.