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10th April BTC/USD Bitcoin Price Prediction: Slowly but Surely Testing a Resistance at $5,300 Again

Price Predictions
Wed, 04/10/2019 - 07:37
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Denys Serhiichuk
??Bitcoin is not going to give up
10th April BTC/USD Bitcoin Price Prediction: Slowly but Surely Testing a Resistance at $5,300 Again
Cover image via U.Today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The imbalance of purchases after a pulse of growth remains, and buyers confidently control the market. Key liquidity is concentrated within the following levels of $4,750 - $4,900. This zone was successfully tested and kept up to date.

Currently, prices are being pressed to the upper limits of local peaks within the control of buyers. Further growth is expected with targets in the range of $5,600 - $5,900, which is identified from the daily timeframe by an aggressive historical offer.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Over the past 12 hours, growth to target levels of bulls has not happened, but positive dynamics can be traced in rising minima. Taking into account older timeframes, the indicators suggest a possible re-test of resistance at $5,500.

Now it is important to keep trading above the level of $4,750 - $4,900. Fixing below this level will be identified as a reversal and will cancel the scenario of further growth.

The price of Bitcoin is trading at $5,243.46 at the time of the writing.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.