BTCUSD turns bullish
Bitcoin has surged to a fresh 2019 trading high, with the number one cryptocurrency by market capitalization briefly trading above the psychological $5,000 resistance level. The BTCUSD pair has a strong weekly bullish bias while trading above the $4,225 support level. If the bullish move continues, the BTCUSD pair could extend towards the $5,550 level over the medium-term.
The BTCUSD pair is bullish while trading above the $4,225 level, key technical resistance remains at the $5,000 and $5,500 levels.
If the BTCUSD pair trades under the $4,225 level, sellers may test towards the $4,110 and $3,985 support levels.