empty
 
 
11.04.2019 12:55 PM
BITCOIN Analysis for April 11, 2019

Bitcoin was trading with high volatility aiming to climb higher after a breakout above $5,250. Indeed, the price jumped higher towards $5,500 but failed to sustain the bullish momentum as the impulsive counter pressure intervened.

The price recently rejected off the $5,000 area acting as support and revealed certain bullish pressure which will be able to lead the price higher towards $5,250 again. However, having dynamic levels like 20 EMA, Tenkan, and Kijun line as resistance, there is a bigger likelihood for BTC to reject the bulls and continue moving lower in the coming days. Though the market is currently quite impulsive with the bearish pressure, breaking above the $5,250 area again with a daily close is expected to reinforce upward momentum in the coming days. As the price remains above $5,000 area with a daily close, the impulsive bullish bias is likely to continue.

SUPPORT: 4,800-80, 5,000

RESISTANCE: 5,250, 5,500

BIAS: BULLISH

MOMENTUM: VOLATILE

This image is no longer relevant

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback