Bitcoin analysis for April 11, 2019

BTC has been trading downwards. The price tested the level of $4.955. We are expecting more downside.

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According to the H4 time-frame, we found that our support trendline got finally broken, which is sign that sellers are in control and that buyers got exhausted. We found that fake breakout of the resistance at $5.324 in the background, which adds more weakness on the BTC. Our advice is to watch for selling opportunities with the downward targets at $4.651 and $4.133.

The material has been provided by InstaForex Company - www.instaforex.com

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