{"id":378335,"date":"2019-04-14T05:00:10","date_gmt":"2019-04-14T05:00:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=378335"},"modified":"2024-06-11T12:54:47","modified_gmt":"2024-06-11T12:54:47","slug":"bitcoin-price-btc-uptrend-intact","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-btc-uptrend-intact\/","title":{"rendered":"Bitcoin Price (BTC) Uptrend Intact & Dips Remain Attractive To Buyers"},"content":{"rendered":"
Bitcoin remains in a strong uptrend despite the recent correction<\/a> below $5,200 against the US Dollar. BTC is likely to find buyers near soon and it could bounce back above $5,150.<\/em><\/p>\n There was a steady rise in bitcoin above the $5,350 level this past week against the US Dollar. The BTC\/USD pair even broke the $5,450 level and traded to a new yearly high at $5,465. Later, there was a downside correction and the price broke the $5,400 and $5,350 support levels. Sellers gained pace once the price broke the key $5,200 support area. There was even a break below the 50% Fib retracement level of the last wave from the $4,702 low to $5,465 high.<\/p>\n Moreover, there was a break below a major bullish trend line with support at $5,200 on the 4-hours chart of the BTC\/USD pair. Sellers pushed the price below the $5,000 level and the price tested the $4,950 support area. Besides, there was a test of the 76.4% Fib retracement level of the last wave from the $4,702 low to $5,465 high. Recently, the price recovered above the $5,050 level, but it faced a strong resistance<\/a> near the $5,130 level. The stated $5,130 level was a support earlier and now it is acting as a hurdle for buyers.<\/p>\n It seems like there might be another downside push towards the $4,950 or $4,900 support levels before the price starts a fresh increase. The $4,800 level is also a strong support since it is a pivot area and coincides with the 100 simple moving average (4-hours). Therefore, if there are more downsides, the price is likely to remain supported near $4,900 or $4,800.<\/p>\n <\/p>\nBitcoin Price Weekly Analysis (BTC)<\/h2>\n