FX.co ★ Bitcoin analysis for April 25, 2019

BTC price has been trading upwards in past few hours and the level of $5.462 got tested. There is potential for more upside on the near term.

Red line – major resistance trend line * broken

Green rectangle – strong support based on price action

Blue horizontal line – Major short-term resistance

BTC price broke above the important $5.443 resistance trendline and on that way confirmed further strength. Most recently that price did reject from the strong support zone (green rectangle) at $5.368, which is sign that buyers came into the market. MACD is showing bullish divergence, which is another sign of the potential strength. Upward target at the price of $5.596.