10 May 2019, OctaFX – In this Bitcoin price analysis, BTCUSD has advanced to a fresh 2019 trading high in early Friday trade, with number one cryptocurrency by market capitalization testing towards the $6,300 resistance level.
Bitcoin price technical analysis
The $6,400 level is the major resistance area to watch if the $6,300 level is broken. If the $6,400 level is breached, the four-hour time frame is showing that BTCUSD bulls could target the $6,900 resistance level.
The BTCUSD pair is bullish while trading above the $6,000 level, key intraday resistance is found at the $6,400 and $6,900 levels.
If the BTCUSD pair trades under the $6,800 level, sellers may test towards the $5,860 and $5,620 support levels.
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