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Bitcoin price analysis - BTCUSD resumes bullish momentum

Bitcoin price analysis - BTCUSD resumes bullish momentum

April 15, OctaFX – In this Bitcoin price analysis, the BTCUSD pair has opened the new trading week with a bullish tone, as BTCUSD buyers attempt to recover the losses that occurred towards the end of last week.

BTCUSD price technical analysis

The Ichimoku indicator is currently showing that major weekly support is located at the $4,920 level, while critical support is located at the $4,500 level. Key weekly resistance for the BTCUSD pair is currently found at the $5,454 and $6,200 levels.

  • The BTCUSD pair is bullish while trading above the $4,920 level, key intraday resistance is found at the $5,454 and $6,200 levels.

  • If the BTCUSD pair trades under the $4,920 level, sellers may test towards the $4,700 and $4,500 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.

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