- $5,000 turns into a strong support.
- Risks are skewed to the upside for BTC/USD.
Bitcoin (BTC) has settled marginally above critical $5,000 after a short-lived spike to $5,348 during late American hours. The first digital coin seems to have entered a consolidation phase, thought the short-term risks are skewed to the upside as long as the price stays above $4,800 (Wednesday’s low). The intraday RSI remains flat on the neutral territory, consistent with the rangebound trading pattern.