Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Crypto Technicals: BTC/USD spikes to new 2019 highs, 'Golden Cross' and break above 5645 (trendline) opens further upside

BTC/USD chart - Trading View

Exchange - Bitfinex

Support: 5396 (5-DMA); Resistance: 5645 (trendline)

Technical Analysis: Bias Bullish

- BTC/USD spikes to hit new 2019 highs at 5647
- The pair has paused at stiff trendline resistance at 5645
- Momentum with the bulls, potential 'Golden Cross' keeps scope for upside
- Price action is above major moving averages and daily cloud
- Volatility is rising as evidenced by widening Bollinger bands
- Break above trendline resistance at 5645 and confirmation on the 'Golden Cross' opens upside
- Scope for test of 61.8% Fib at 6041. Bullish invalidation below 200-DMA.

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

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 24 13:00 UTC Released

MXGDP YY

Actual

1.2 %

Forecast

1.3 %

Previous

1.7 %

May 24 13:00 UTC Released

MXIGAE Econ Activity MM

Actual

-0.6 %

Forecast

Previous

0.3 %

January 31 00:00 UTC 689462689462m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 689462689462m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 701282701282m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 689462689462m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 701282701282m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 689462689462m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 689462689462m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 689462689462m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.