opinion. Above the last, resistance (weak) lies at 5500 before reaching the 2018 legendary support turned resistance line at 5700. As of writing, BTC is changing hands at 3,986 on Bitstamp, representing.3 percent gain on a 24-hour basis. In case Bitcoin manages to overcome the 5K, we should expect the next resistance to be 5100 before reaching the significant resistance area of 5300. Personally, I didnt expect such a sharp bullish move. The short-term bullish case would weaken if prices find acceptance below 3,658 (Feb. With a few exceptions, Continue Reading. The bitcoin price on Thursday depreciated as much.33-percent against the US dollar.
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Altcoins Are Dumping: While Bitcoin is celebrating in green, the vast majority of altcoins is crashing against their Bitcoins value. Daily charts RSI: Stochastic RSI oscillator is stretched out and could be crossing down soon in the overbought area. Total Market Cap: 175 Billion Bitcoin Market Cap:.25 Billion BTC Dominance:.3 Looking at the 1-day 4-hour charts Following the surge, Bitcoin is now facing the 5000 resistance area. Daily charts RSI: The RSI is level is nearing 90, deep in the bullish territory, which is the highest level throughout the past year. It is worth noting the probability of BTC breaching the second resistance would rise once the first resistance is scaled. The bears had set there high supply levels and it seems that the task wont be so easy. The cryptocurrency reached an intraday low at 4,833 in an interim bearish correction. As you could see, the cryptocurrency had chosen the first option so far. Will BTC rise to 4,190?