20 May 2019, OctaFX – Bitcoin price has recovered sharply higher in early Monday trade after the number one cryptocurrency found strong technical support from just below the $6,500 level.
Bitcoin price technical analysis
If buyers can breach the current yearly trading high the BTCUSD price could eventually test towards the $10,000 resistance level. The daily time frame is showing that key support from the Ichimoku indicator is located at the $7,100 level.
BTCUSD price is strongly bullish while trading above the $8,000 level, key resistance is found at the $8,500 and $10,000 levels.
If BTCUSD price trades under the $8,000 level, sellers may test towards the $7,100 and $6,500 support levels.
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