BTC/USD stays range-bound between $50,300 and $51,650 off-late. Sustained trading above weekly support line, 200-bar SMA favor bulls amid upbeat MACD. Ascending trend line from late-January adds to the upside barriers. Bitcoin buyers can ignore the recent choppy moves around $51,000, currently near $50,900, while looking at the cryptocurrency pair’s ability to stay beyond the key supports during early Thursday. The BTC/USD optimism can also take clues from the bullish MACD signals to direct bulls towards a fresh high above $58,355. However, a two-week-old horizontal area guards the quote’s immediate upside below $52,650. Hence, BTC/USD bulls need to cross the immediate hurdle to justify their hold on the e-currency. In doing so, an upward sloping resistance line from January 27, currently around $54,800, can offer a breathing space during the quote’s upside. Meanwhile, pullback moves shouldn’t be considered serious if staying above the immediate support line, at $48,860 now, a break of which will recall the BTC/USD sellers targeting a 200-bar SMA level of $45,480. In a case where the BTC/USD bears dominate past-$45,480, tops marked during the early February and late January, respectively around $41,000 and $38,650, will be the key to watch. BTC/USD four-hour chart Trend: Bullish 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 AUD/USD refreshes intraday low near 0.7750 ahead of Aussie Retail Sales, Trade Balance FX Street 1 year BTC/USD stays range-bound between $50,300 and $51,650 off-late. Sustained trading above weekly support line, 200-bar SMA favor bulls amid upbeat MACD. Ascending trend line from late-January adds to the upside barriers. Bitcoin buyers can ignore the recent choppy moves around $51,000, currently near $50,900, while looking at the cryptocurrency pair's ability to stay beyond the key supports during early Thursday. The BTC/USD optimism can also take clues from the bullish MACD signals to direct bulls towards a fresh high above $58,355. However, a two-week-old horizontal area guards the quote's immediate upside below $52,650. Hence, BTC/USD bulls need to cross the… 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.