BTC/USD bulls need defend $5,400. The coin has been under pressure since Wednesday. Bitcoin (BTC) bottomed out at $5,375 and recovered towards $5,425 by the time of writing. The price managed to return to the area above $5,400, however, the upside momentum is nowhere to be seen, which means the largest crypto asset may be in for a rangebound period. Bitcoin confluence levels All the strong barriers are above the current price, which means that the trip to the downside is the path of least resistance. Meanwhile, a confident movement above the resistance area will create a strong stimulus for an extended recovery. Resistance levels $5,4500- middle line of 1-hour Bollinger Band, middle line of 4-hour Bollinger Band, SMA100 and SMA50 15 min, 23.6% Fibo retracement daily. $5,500 – upper boundary of 1-hour Bollinger Band, 38.2% Fibo retracement daily, SMA10, 4-hour $5,600-$5,630 – the highest level of the previous day, Pivot Point 1-week Resistance 2. Support levels $5,400-$5,375 – the lowest level of the previous day, DMA5 $5,200 – 38.2% Fibo retracement weekly, middle line of 1-day Bollinger Band $5,100 – 61.8% Fibo retracement weekly, Pivot Point 1-day Support 3. BTC/USD, 1-day 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 Elliott wave Analysis: S&P500 and USDJPY Intra-day View Gregor Horvat 4 years BTC/USD bulls need defend $5,400. The coin has been under pressure since Wednesday. Bitcoin (BTC) bottomed out at $5,375 and recovered towards $5,425 by the time of writing. The price managed to return to the area above $5,400, however, the upside momentum is nowhere to be seen, which means the largest crypto asset may be in for a rangebound period. Bitcoin confluence levels All the strong barriers are above the current price, which means that the trip to the downside is the path of least resistance. Meanwhile, a confident movement above the resistance area will create… 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.
