Bitcoin price has fallen for last two days and trading at 4198 which is close to 50 day SMA ( simple moving average).
This point is a nice place to spot bitcoin price movement. If bitcoin can hold the price then the price movement might be bullish and 5000 would be next target . However if bitcoin can not hold the support we might observe more bearish move.
Next support zone would be 4000 which is important physiological point. 2nd support would be 3700 zone and 3rd support would be 3550.
