BITCOIN Analysis for April 3, 2019

Bitcoin managed to extend a rally towards the psychological level of $5,000 recently. The price is firmly trading with the bullish momentum along the way. BTC is currently holding at near $5,000 being supported the dynamic levels along the way.

After the recent $100 million of investment in US Bitcoin exchanges, the cryptocurrency has shown remarkable growth with the price breach above the recent highs. The price even reached the area of $5,000. BTC is currently being supported by Tenkan line as closer support and 20 EMA & Kijun line as medium-term support. Though on the MACD perspective, certain bearish divergence is likely to develope, trading above $4,500 with a daily close indicates further bullish momentum in the coming days.

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

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