- The price of Bitcoin is consolidated and is likely to be set at a new gain above $ 5050 against the US dollar.
- Ethereum, pulsation, bitcoin cash and litecoin traded with positive displacement over key support. The bullish trend line was formed with a support of $ 4,820 on the hourly chart of the BTC / USD pair (data from Kraken).
- The pair should clear the resistance levels of $ 5,050 and $ 5,100 to start a fresh increase to $ 5,300. (BTC) is traded with a bullish bias, and it can bundle more than $ 5,100. Altcoins like Ethereum, pulsation, bitcoin cash, litecoin and cardano are traded above the key supporting and are probably traded above. U.S. dollar. The BTC / USD pair fell below the support level of $ 5,250 and $ 5,1
The price was recently traded above the resistance line with a resistance trend of $ 4.975 an hourly chart. The price was even traded above the $ 5,000 level, but it failed to gain momentum over $ 5,050. There was also no convincing breakthrough above the 50% recovery rate of the fibo path last fall from $ 5360 to $ 4.754. Currently, the price is traded in the range above $ 4.950 and $ 4,900 supports. There is also a large trend line with a support of $ 4,820 on the same chart
. So, in the short term, you could move the range before prices try to surpass the resistance levels of $ 5,050 and $ 5,100. Looking at altcoins, NANO and ZIL are currently gaining bullish impulse and increased by more than 10%. Among the top 10 coins, Ethereum, Pulsation, Bitcoin and litecoin cash are placed over key support, and they are likely to follow Bitcoin higher if it clears the resistance of $ 5,100. "width =" 1828 "height =" 868 "/>
Looking at the chart, the BTC price seems to consolidate profits above support of $ 4,800 and a 100-hour SMA, probably rising above the resistance levels of $ 5,050 and $ 5,100. The next key resistance is around $ 5,250 above which the price is likely to exceed $ 5,359. Conversely, closing below $ 4,800 and a 100-hour SMA can push a price to $ 4,600. The Strength Index – RSI for BTC / USD at the moment is flat above 50.
The main levels of support are $ 4900, then $ 4,800.
The main levels of resistance are $ 5050, $ 5100, and $ 5200.