Bitcoin traders turn 93 thousand dollars annually, as the BTC price reaches 6 weeks

Bitcoin (BTCIt struck six weeks on April 22, when the American trade war tensions encouraged cryptocurrencies.

Bitcoin resistance fluctuation is about $ 90,000

Data from Cointelegraph Markets Pro and Tradingvief BTC/USD has shown above $ 91,000 after Wall Street’s opening – the highest level since March 7.

Bitcoin and Gold have benefited from the increase in market nerves on how China, Japan and others respond to American commercial tariffs.

XAU/USD new levels ever the day, while BTC/USD A faced The main trend line to support the bull market This has been resistance since early March.

For traders, the simple moving average for 200 days (SMA) has become at $ 88,370, and thus became the level that belongs to support on daily time frames.

“The closure of the large horizontal area of ​​90 thousand dollars-91 thousand dollars, which was the previous range,” the famous trader Dan Tasfiro wrote. Continuous analysis On x.

The accompanying graph showed the need to break the area about $ 93,000 – the annual open of Bitcoin – to confirm the intermediate moving restoration.

Constant, Keith Alan, co -founder of commercial resource material indicators, had similar views.

“If we teach history anything, it is important to monitor the mixture and fake assurances,” it is male.

“IMO, the confirmation of the reflection of the direction will come when the annual BTC open. This step will put the price on a path to relax on the main moving averages and offer a series of golden crosses in the coming days and weeks.”

Doubts remain a price recovery BTC

Meanwhile, the Roman merchant colleague was among those who were cautious about the health of the BTC prices in the short term.

Related to: The US dollar goes “no in hand” -5 things that must be known in Bitcoin this week

“The price is now re -testing pre -support as resistance at the present time. The collapse above 93K will be great for bulls, however, I am not sure if we get it.” He said X followers about the weekly graph.

“Wait for a week to be closed before assumptions or enthusiasm. We have seen a lot of fake before. 5 days remain!”

Also not sure that this step will continue the resources of common ecoinometrics, which admitted that Bitcoin finally lost when the NASDAQ 100 index was less than SMA for 200 days.

“Bitcoin climbs. Nasdak slides. This type of difference does not usually last,” summary On a day.

“Historically, when the 200 -day moving average direction on the Nasdaq Stock Exchange decreases, Bitcoin works on the overall opposite winds.”

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.