Bitcoin has broken below the psychological $5,000 level as the recent technical sell-off in the broader cryptocurrency market continues. The BTCUSD pair has so far found intraday support from the $4,600 level, although the daily MACD indicator is signalling further losses. The $4,525 level offers the strongest form of technical support before the $4,000 support level comes into focus.
The BTCUSD pair is strongly bearish while trading below the $5,000 level, key support is now located at the $4,525 and $4,000 levels.
If the BTCUSD pair trades above the $5,000 level, key resistance is found at the $5,170 and $5,300 levels.
The BTCUSD pair is strongly bearish while trading below the $5,000 level, key support is now located at the $4,525 and $4,000 levels.
If the BTCUSD pair trades above the $5,000 level, key resistance is found at the $5,170 and $5,300 levels.
