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Crypto Technicals: Bitcoin bulls renlentless, BTC/USD scales new 13-month highs, bias still bullish

Mon, 17 Jun 2019, 04:11 am UTC

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 8778 (5-DMA); Resistance: 9532 (38.2% Fib), 9948 (April 2018 high)

Technical Analysis: Bias Bullish

BTC/USD has hit new 13-month highs at 9388 on June 16th trade.

The pair trades 1.88% higher on the day at 9144 at 04:00 GMT, bias remains bullish.

Bulls showing no signs of exhaustion, scope for further upside.

MACD is showing a bullish crossover on signal line which adds to the bullish bias.

Momentum studies are bullish. RSI well above 50 levels and sharply higher.

Next major resistance is seen at 38.2% Fib at 9532. Break above targets 9948 (April 2018 high).

5-DMA is immediate support at 8790. Breach at 20-DMA support (8289) will see dip till 7530 level.

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

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  • Bitcoin (BTC) $8,699.08 (-1.24%)
  • Ethereum (ETH) $185.81 (-1.26%)
  • XRP (XRP) $0.269400 (-1.34%)
  • Bitcoin Cash (BCH) $278.60 (-2.57%)
  • Litecoin (LTC) $59.45 (-2.66%)
  • Bitcoin (BTC) $8,699.08 (-1.24%)
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