Bitcoin hits fresh 2019 high…what next?   

23 April 2019 : Bitcoin marched to a fresh 2019 high above $5600 during the Asia trading session on Tuesday morning.

With the sharp and abrupt appreciation happening within a 30-minute window and no reports released explaining the cause, the culprit could be price action. The technical picture for BTCUSD is looking increasingly bullish on the daily charts, with the fabled bullish ‘golden cross’ slowly coming into play. Should the 50-day Simple Moving Average cross above the 200-day Moving Average, bulls could be injected with enough inspiration to attack $6000.

Source: Lukman Otunuga, FXTM Research Analyst

Reporting for EasyKobo on Tuesday , 23 April 2019 in Lagos, Nigeria

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