Bitcoin Price Rally Towards Dollar 6000

Bitcoin Price Rally Towards Dollar 6000 – Bitcoin price strongly raised above the $4,000 pivot level against the US Dollar. BTC/USD rallied above the $4,500 and $4,700 resistance levels. Bulls gained control and succeeded in clearing the $5,000 resistance. The price is up more than 25% from lows and it recently traded towards the $5,100 level. A new 2019 high was formed near $5,105 and the price recently started consolidating gains.

Bitcoin Price Rally Towards Dollar 6000 – The hourly chart shows that BTC price cleared the uptrend above $4500 and $4650. The price can currently move in green above $5000 level. On the other hand, the price settle below $4700 level. The hourly MACD for the is slowly moving into bearish zone and RSI is correcting downside near 60 level.

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