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Bitcoin Price Prediction: BTC/USD bulls aim to stay in $5,000 range without any immediate support - Confluence Detector

Published 04/03/2019, 09:07 PM
Updated 04/03/2019, 09:08 PM
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BTC/USD
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  • BTC/USD bulls are struggling to stay above $5,000 following a rally by the bears.
  • The lack of any strong resistance and support line shows that the market is extremely volatile.

BTC/USD is currently trading for $5,015 as the bulls had to see off a strong rally by the bears. With the market this volatile, the daily confluence detector shows a severe lack of any strong resistance and support levels. Despite the bearish rally, it looks like the bulls still have the upper hand. Whether they have the necessary momentum to keep the price above $5,000 remains to be seen.

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