The Bearish and the Bullish Scenarios for Bitcoin [BTC] from Here: Analysts

Bitcoin (BTC) continued its impressive break out over the weekend as well as it broke above the $5700 mark reaching this year’s high. The price of Bitcoin at 5: 45 Hours UTC on 5th May 2019 is $5799.

A leading trade analyst, Murad Mahmudov, has created a long thread of analysis of Bitcoin from here. According to him, $5400 is a critical support level for Bitcoin which it must hold above for further continuation of the bull run.

Nevertheless, while he was mostly bullish on Bitcoin, he cited a few negative signals as well. The most striking amongst them was Willy Woo’s NVTS signal.

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