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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Bitcoin analysis for April 25, 2019

BTC price has been trading upwards in past few hours and the level of $5.462 got tested. There is potential for more upside on the near term.


Red line – major resistance trend line * broken

Green rectangle – strong support based on price action

Blue horizontal line – Major short-term resistance

BTC price broke above the important $5.443 resistance trendline and on that way confirmed further strength. Most recently that price did reject from the strong support zone (green rectangle) at $5.368, which is sign that buyers came into the market. MACD is showing bullish divergence, which is another sign of the potential strength. Upward target at the price of $5.596.

The material has been provided by InstaForex Company -