Digital Currency / Technicals
Add as a preferred source on GoogleCrypto Technicals: BTC/USD extends gradual grind higher along 5-DMA support, bias bullish
BTC/USD chart - Trading View Exchange - Bitfinex Support: 5452 (5-DMA); Resistance: 5690 (Trendline) Technical Analysis: Bias Bullish - BTC/USD has retraced from session lows at 5392 - Price action is extending gradual u…
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BTC/USD chart - Trading View
Exchange - Bitfinex
Support: 5452 (5-DMA); Resistance: 5690 (Trendline)
Technical Analysis: Bias Bullish
- BTC/USD has retraced from session lows at 5392
- Price action is extending gradual upside along 5-DMA
- Upside finds stiff trendline resistance at 5690, break above to see further upside
- Momentum with the bulls, 'Golden Cross' formation on the daily charts keeps scope for upside
- Close below 5-DMA could see some weakness. Dip till 20-DMA then likely
- Trendline breakout to see upside resumption, scope for test of 61.8% Fib at 6041
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