Bitcoin has been on a tear and price action still shows a bullish trend.
In the short-term, we might see some consolidation/correction, while the medium to long-term view still looks bullish.
BTCUSD 4H Chart 11/4/2017
(courtesy of tradingview.com)
Here are some key levels in the short and medium-term based on coinbase exchange prices.
Support 1: 7010
Support 2: 6770
Support 3: 6200
Support 4: 6000
I am particularly interested in the 6200 support.
For one, I think traders will anticipate the 6000 psychological support, so it might not even make it down there. Though if it does, we should monitor price action and anticipate a rebound.
Secondly, if there is a dip, it will likely face a rising trendline around 6200.
Finally, I am anticipating the RSI around 40 at that time, and a bullish trend should keep the 4H RSI above 40 for the most part.