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Crypto Technicals: BTC/USD extends gradual grind higher along 5-DMA support, bias bullish

Thursday, April 25, 2019 12:25 PM UTC

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

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Crypto Technicals: BTC/USD extends gradual grind higher along 5-DMA support, bias bullish

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