Bitcoin kicks off the new week in the red following the retreat from the new 2019 highs. BTC/USD is strongly supported above the EMA200. Bitcoin is seen trading at $5,612 after correcting lower 1.78% on the day. The asset has started the new week in the red following a weekend full of consolidation. Mostly above $5,700. BTC/USD increased the gains over the last weekend session to trade above $5,800 and form new 2019 highs at $5,839.76. While the bearish momentum appears to have fizzled out, Bitcoin is stuck between the 100 Simple Moving Average (SMA) 1-hour resistance and the 200 Exponential Moving Average (EMA). There is a building bullish trend above the 61.8% Fib retracement level immediate support. A correction above the 100 SMA will ensure that the bulls are encouraged to increase their entries. Besides, the target in the medium-term is set on $5,800 while in the long-term $6,000 is the ultimate goal. The downside is strongly supported at the EMA200 $5,400 as well as $5,200. Other support areas include $5,000, $4,950 and $4,800. BTC/USD 1-hour 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 US: Trump again threatens China with higher tariffs – ING FX Street 3 years Bitcoin kicks off the new week in the red following the retreat from the new 2019 highs. BTC/USD is strongly supported above the EMA200. Bitcoin is seen trading at $5,612 after correcting lower 1.78% on the day. The asset has started the new week in the red following a weekend full of consolidation. Mostly above $5,700. BTC/USD increased the gains over the last weekend session to trade above $5,800 and form new 2019 highs at $5,839.76. While the bearish momentum appears to have fizzled out, Bitcoin is stuck between the 100 Simple Moving Average (SMA) 1-hour resistance and the 200… Top 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.
