April 8, OctaFX – Bitcoin price retains a strong bid tone on Monday after the number one cryptocurrency had its strongest monthly start in over twelve months.
BTCUSD price technical analysis
Bulls need to keep the BTCUSD pair above the $4,900 level in order to maintain the bullish intraday bias surrounding the cryptocurrency. Key weekly resistance for the BTCUSD pair is currently located at the $6,200 level.
The BTCUSD pair has a bullish bias while trading above the $4,900 level, key intraday resistance is found at the $5,300 and $5,700 levels.
Id the BTCUSD pair trades under the $4,900 level, sellers may test towards the $4,700 and $4,380 support levels.
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