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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