BTC in April, May and June of 2019

BTC in April, May and June of 2019


Let's compare the Bitcoin price movements of April May and June of 2019 with those of 2020. On April 2 the price breaks the support at $ 4300 coming out of a price range that began on November 22, 2018 that ranged from 3150 to $ 4300 of support broken just in April.


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The price range between $ 4850 and $ 5550 is maintained throughout the month of April. As for April, the first days of May 2019 are favorable upwards, so on May 3 the price is pushed by the bulls above the resistance of $ 5550, the time for a short technical support and the price rises from $ 5686 on May 7, to the $ 7217 daily close of the May 11 candle, immediately breaking a longstanding resistance of $ 6800. With this move the bulls see the $ 9000 as a goal to turn into a starting point. On May 30 the bulls assault takes place at the resistance of $ 9000 with the daily candle that opens $ 8663 reaching a maximum of 9096 dollars, the bears are not there and at the end of the day they bring the price to 8277 $ marking a -4 , 45% of the opening.


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So the first 2 weeks of June flow without major movements, the price is based on the psychological support of the round figure at $ 7500. From June 14, an inexorable rise begins that will bring the BTC to exceed $ 9,000 first and then $ 10,000 before falling to $ 14,000. A few days later, it will close the month of June at 10760.


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We can say that the second quarter of 2019 the BTC showed its muscles and all its desire to reach the top starting from $ 4092 on April 1, reaching 13880 on June 26 and closing the quarter at $ 10076. Not bad I would say! the next analysis that "I will tell" will be that of the same months of 2020, with the halving factor that will surely have a positive impact on the price.

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technical analysis for beginners
technical analysis for beginners

Simple technical analysis following the price movement

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