Bitcoin gains over 3% in a matter of minutes. The price retraced from the new 2019 high amid technical correction. Bitcoin jumped out of the range and refreshed the highest levels of the year. The first digital coin revisited $5,632 for the first time since November 2018. The movement is likely to be triggered by technical factors as no fundamental triggers are readily available to explain the strong growth. Potentially, a breakthrough above $5,500 squeezed weak shorts out of the market and triggered new buy orders, creating a strong upside momentum. At the time of writing, BTC/USD retraced to $5,526 amid technical correction after a strong growth. The short-term RSI has reversed to the downside, though it is still in the overbought territory, signalling that the correction phase is not over. Watch out for $5,500 handle as a sustainable move lower will increase the downside pressure and, potentially, take the price towards the previous consolidation area $5,400. BTC/USD, 30-min chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Japanese exchange resumes activity post-hack FX Street 4 years Bitcoin gains over 3% in a matter of minutes. The price retraced from the new 2019 high amid technical correction. Bitcoin jumped out of the range and refreshed the highest levels of the year. The first digital coin revisited $5,632 for the first time since November 2018. The movement is likely to be triggered by technical factors as no fundamental triggers are readily available to explain the strong growth. Potentially, a breakthrough above $5,500 squeezed weak shorts out of the market and triggered new buy orders, creating a strong upside momentum. At the time of writing, BTC/USD… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
