15.04.2020 BTC Daily Analysis

15.04.2020 BTC Daily Analysis

Bitcoin is showing a few recovery signs above the $6,760 support against the US Dollar. However, BTC price is still trading below a key bearish trend line and $7,000. In the past three sessions, bitcoin bulls remained active above the $6,600 and $6,700 levels against the US Dollar. BTC price managed to settle above the $6,760 pivot zone and recently settled above the 100 hourly simple moving average. Bitcoin is clearly facing a couple of key hurdles near $6,950 and $7,040. A successful break above the trend line resistance could lead the price towards the main $7,200 resistance area. If the bulls are able to clear the $7,200 resistance area, there are high chances of a strong rise in the coming sessions. The next major resistances are near $7,500 and $7,660.