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Bitcoin market update: BTC/USD next target is $6,000, reckons CNBC’s Brian Kelly

Published 04/03/2019, 04:38 AM
Updated 04/03/2019, 04:39 AM
© Reuters.
BTC/USD
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BTC/USD
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  • The prevailing trend is slightly bearish but Bitcoin is supported by the 50 SMA 15–minutes.
  • Kelly suggests that the next level Bitcoin is focusing on is $6,000.

BTC/USD is in the middle of consolidation following the sudden surge yesterday. Bitcoin went ballistic adding more than $900 in less than 24 hours. However, the bulls failed to sustain the growth towards $5,100 resulting in a retracement. The downside found balance below $4,700 before the bulls pushed for gains where BTC/USD approached $5,100 on Wednesday.

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