Bitcoin Price Analysis: BTC/USD flirts with $6,000 level
05/16/2019, 05:05:06
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BTC/USD went up from $5,685 to $5,853 this Tuesday, charting a 3% rise in price. Currently, the bulls are negotiating hard with the $6,000 resistance

  • BTC/USD is currently trading at $5,853.
  • The market is currently enjoying bullish momentum.
  • BTC/USD is currently trading at $5,853.
  • BTC/USD is currently trading at $5,853.
  • The market is currently enjoying bullish momentum.
  • The market is currently enjoying bullish momentum.

    BTC/USD went up from $5,685 to $5,853 this Tuesday, charting a 3% rise in price. Currently, the bulls are negotiating hard with the $6,000 resistance level. Technical analysis shows that the market may gain enough upward momentum to breach past these levels.

    BTC/USDresistanceanalysis

    BTC/USD Daily Chart

    BTC/USD Daily Chart

    • On the upside, the resistance levels lie at $6,000, $6,150, and $6,215.
    • On the downside, the support levels are at $5,650, $5,500, and $5,445.
    • The market found support on the upward trending line.
    • BTC/USD is above the SMA 200, SMA 50, and SMA 20 curves.
    • The signal line is diverging away from the MACD line showing stronger bullish momentum.
    • The Relative Strength Index (RSI) indicator is trending in the overbought zone. 
    • The Elliot Wave Oscillator shows six consecutive bullish sessions with increasing intensity.
  • On the upside, the resistance levels lie at $6,000, $6,150, and $6,215.
  • On the upside, the resistance levels lie at $6,000, $6,150, and $6,215.
  • On the downside, the support levels are at $5,650, $5,500, and $5,445.
  • On the downside, the support levels are at $5,650, $5,500, and $5,445.
  • The market found support on the upward trending line.
  • The market found support on the upward trending line.
  • BTC/USD is above the SMA 200, SMA 50, and SMA 20 curves.
  • BTC/USD is above the SMA 200, SMA 50, and SMA 20 curves.
  • The signal line is diverging away from the MACD line showing stronger bullish momentum.
  • The signal line is diverging away from the MACD line showing stronger bullish momentum.
  • The Relative Strength Index (RSI) indicator is trending in the overbought zone. 
  • The Relative Strength Index (RSI) indicator is trending in the overbought zone. 
  • The Elliot Wave Oscillator shows six consecutive bullish sessions with increasing intensity.
  • The Elliot Wave Oscillator shows six consecutive bullish sessions with increasing intensity