BTCUSD FURTHER LOSSES EXPECTED BELOW $5,848
Bitcoin has fallen to a fresh 2018 trading-low this morning, as sellers finally pushed price below the key February 2nd trading-low, at $5,848.
The broader-cryptocurrency market is also coming under further selling pressure on Friday, with BTCUSD so far finding intraday support from the just above $5,700 level.
Sellers will likely target the $5,600 level, while BTCUSD buyers will need to move price back above $5,848 to relieve selling pressures.
The BTCUSD pair is strongly bearish while trading below the $5,848 level, key technical support is now located at the $5,600 and $5,220 levels.
If the BTCUSD pair moves above the $5,848 level, price may correct back towards the $5,951 and $6,058 resistance levels.
The broader-cryptocurrency market is also coming under further selling pressure on Friday, with BTCUSD so far finding intraday support from the just above $5,700 level.
Sellers will likely target the $5,600 level, while BTCUSD buyers will need to move price back above $5,848 to relieve selling pressures.
The BTCUSD pair is strongly bearish while trading below the $5,848 level, key technical support is now located at the $5,600 and $5,220 levels.
If the BTCUSD pair moves above the $5,848 level, price may correct back towards the $5,951 and $6,058 resistance levels.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.