Bitcoin is starting to recover short term bullish momentum above the key $6,000 level after earlier falling to a fresh monthly trading-low, hitting $5,914.
Sellers failed to break below the current 2018 price-low, at $5,848, which is currently helping to encourage dip-buying in Bitcoin.
Buyers will now try to recover price back above the $6,057 level, while sellers will once again look to break the key February price low, at $5,848.
The BTCUSD pair is strongly bearish while trading below the $5,848 level, key technical support below $5,848 os located at the $5,619 and $5,400 levels.
If the BTCUSD pair moves back above the $6,057 level, price may correct back towards the $6,276 and $6,434 resistance levels.
Sellers failed to break below the current 2018 price-low, at $5,848, which is currently helping to encourage dip-buying in Bitcoin.
Buyers will now try to recover price back above the $6,057 level, while sellers will once again look to break the key February price low, at $5,848.
The BTCUSD pair is strongly bearish while trading below the $5,848 level, key technical support below $5,848 os located at the $5,619 and $5,400 levels.
If the BTCUSD pair moves back above the $6,057 level, price may correct back towards the $6,276 and $6,434 resistance levels.
