BTCUSD BITCOIN BEARS FAIL TO BREAK 2018 LOW
Bitcoin is starting to recover short term bullish momentum above the key $6,000 level after earlier falling to a fresh monthly trading-low, hitting $5,914.
Sellers failed to break below the current 2018 price-low, at $5,848, which is currently helping to encourage dip-buying in Bitcoin.
Buyers will now try to recover price back above the $6,057 level, while sellers will once again look to break the key February price low, at $5,848.
The BTCUSD pair is strongly bearish while trading below the $5,848 level, key technical support below $5,848 os located at the $5,619 and $5,400 levels.
If the BTCUSD pair moves back above the $6,057 level, price may correct back towards the $6,276 and $6,434 resistance levels.
Sellers failed to break below the current 2018 price-low, at $5,848, which is currently helping to encourage dip-buying in Bitcoin.
Buyers will now try to recover price back above the $6,057 level, while sellers will once again look to break the key February price low, at $5,848.
The BTCUSD pair is strongly bearish while trading below the $5,848 level, key technical support below $5,848 os located at the $5,619 and $5,400 levels.
If the BTCUSD pair moves back above the $6,057 level, price may correct back towards the $6,276 and $6,434 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.