- $5,000 turns into a strong support.
- Risks are skewed to the upside for BTC/USD.
Bitcoin (BTC) has settled marginally below critical $5,000 after a short-lived spike to $5,348 on April 3. The first digital coin entered a consolidation phase, however the short-term risks are skewed to the upside as the price stays above $4,800. The intraday RSI is turning to the North, which means that the upside momentum might gain traction later during the day.