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.
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