{"id":379171,"date":"2019-04-20T04:08:55","date_gmt":"2019-04-20T04:08:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=379171"},"modified":"2024-06-11T13:39:26","modified_gmt":"2024-06-11T13:39:26","slug":"bitcoin-price-btc-to-5500","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-btc-to-5500\/","title":{"rendered":"Bitcoin Price Watch: BTC Primed For Lift-off To $5,500"},"content":{"rendered":"
Bitcoin price remained well supported on the downside above $5,200 against the US Dollar. BTC is trading nicely in an uptrend and it seems like the bulls are aiming $5,400 or even $5,500.<\/em><\/p>\n In the past three days, we saw a slow and steady rise<\/a> above $5,100 in bitcoin price against the US Dollar. The BTC\/USD pair broke the key $5,160 and $5,200 resistance levels to settle in a positive zone. There was even a close above the $5,200 level and the 100 hourly simple moving average. Intermediately, there were a few swing moves and downside corrections, but the price remained well bid above the $5,160 level. The last swing low was near at $5,192 before the price climbed above the $5,300 level.<\/p>\n The price traded as high as $5,364 recently and corrected lower. It broke the $5,280 level and the 50% Fib retracement level of the recent wave from the $5,192 low to $5,364 high. However, the decline was protected near the $5,250 support and the price remained well above the 100 hourly simple moving average. The 61.8% Fib retracement level of the recent wave from the $5,192 low to $5,364 high also acted as a strong support<\/a>. More importantly, there is a major ascending channel in place with support at $5,210 on the hourly chart of the BTC\/USD pair.<\/p>\n Therefore, dips towards the $5,220 and $5,200 levels remains well supported in the short term. On the upside, an initial resistance is near the $5,350 and $5,360 levels. A successful break above the $5,364 swing high is likely to open the doors for more gains above the $5,400 and $5,450 levels.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h2>\n