KQMarkets
Long

Bitcoin - Bullish Continuation

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Our Bitcoin analysis on the 02.04 identified key resistance levels at $4400, $4800 and $5200. There was a bullish continuation whilst the market was trading in an uptrend as a breakout above the resistance level of $4800 saw a counter movement below $4800 before the market continued towards the next resistance level at $5200. The level of $4800 could now potentially be acting as support with prices falling below $4850 on the 03.04 and we would now expect prices to consolidate around $5200 if they are to move higher.
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