Bitcoin bulls managed to push for gains above $5,400 but the upside has been capped at the Bollinger middle curve. Bitcoin is stuck between a narrow range between $5,400 and $5,464.99 (Bollinger Band upper). BTC/USD has been bearish since it hit new 2019 highs amid increasing volatility this week. Bitcoin maintained a steady rise above $5,200 in the last week. A break above both the 50 simple moving average (SMA) and the 100 SMA 1-hour saw the price gain momentum above $5,300. Bitcoin later pushed above $5,400 resistance and extended the gains past $5,500 and $5,600. Moreover, a new 2019 high was formed at $5,633.20 before a reversal began. Initially, the declines had been supported at $5,500 leading to a correction above $5,600. However, on failing to extend the correction further up, the price plunged like a stone resulting in April’s worst selloffs. The Bollinger Band widened to show the increasing market volatility. The 50 SMA failed to offer support as the losses progressed below $5,400 to form a low at $5,376.33. Bitcoin bulls managed to push for gains above $5,400 but the upside has been capped at the Bollinger middle curve. The 100 SMA is offering support at press time slightly above $5,400 while BTC/USD is exchanging hands at $5,427.89. Moreover, Bitcoin is stuck between a narrow range between $5,400 and $5,464.99 (Bollinger Band upper). The trend shown by the indicators like the RSI and the MACD is sideways and likely to stay the way in the coming sessions today. BTC/USD 1-hour 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 NEO price analysis: Short-term bulls face tough resistance at $10.40 FX Street 4 years Bitcoin bulls managed to push for gains above $5,400 but the upside has been capped at the Bollinger middle curve. Bitcoin is stuck between a narrow range between $5,400 and $5,464.99 (Bollinger Band upper). BTC/USD has been bearish since it hit new 2019 highs amid increasing volatility this week. Bitcoin maintained a steady rise above $5,200 in the last week. A break above both the 50 simple moving average (SMA) and the 100 SMA 1-hour saw the price gain momentum above $5,300. Bitcoin later pushed above $5,400 resistance and extended the gains past $5,500 and $5,600. Moreover, a new 2019… 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.
