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Bitcoin price analysis - BTCUSD bullish above $5,200

OctaFx | Apr. 23, 2019
Bitcoin price analysis - BTCUSD bullish above $5,200

April 23, OctaFX – In this Bitcoin price analysis, the BTCUSD pair is attempting to advance above its current 2019 trading high, at $5,452, in early Tuesday trade, with the pair still well supported by strong dip-buying demand.

BTCUSD technical analysis

The daily frame is showing that the $5,260 and the $5,200 levels are the main intraday support areas. Overall, the BTCUSD pair has a bullish weekly bias while trading above the $5,200 level and may start to target the $5,700 level.

  • The BTCUSD pair is only bullish while trading above the $5,200 level, key intraday resistance is found at the $5,452 and $5,700 levels.

  • If the BTCUSD pair trades under the $5,200 level, sellers may test towards the $5,080 and $4,900 support levels.

Bitcoin price analysis

Disclaimer

This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.