# Crypto Technicals: Bitcoin bulls in-charge, breaks above $6000 mark, next bull target 6500?

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/investing/1815
Published: 2019-05-09T09:22:38.000Z
Updated: 2019-05-09T10:59:46.000Z
Section: Investing

> BTC/USD chart - Trading View Exchange - Coinbase Support: 5828 (5-DMA); Resistance: 6500 (trendline) Technical Analysis: Bias Bullish - BTC/USD has spiked past the 6000 mark on Coinbase, bias bullish - The pair has hi…

[BTC/USD](<https://www.tradingview.com/symbols/BTCUSD/>) chart - Trading View

Exchange - Coinbase

Support: 5828 (5-DMA); Resistance: 6500 (trendline)

Technical Analysis: Bias Bullish

- BTC/USD has spiked past the 6000 mark on Coinbase, bias bullish

- The pair has hit new 6-month highs at 6098 and is on verge of a breakout of Rising Wedge pattern

- Technical indicators support further gains, scope for test of 6500 on continued upside momentum

- 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) and expanding volatility support gains

- That said, oscillators are at overbought levels and could see some pullback, so caution advised

- Break below 5-DMA (5826) could see dip till 21-EMA at 5491. Bullish invalidation only below 200-DMA

[Correction: Oscillators are at "overbought" levels, not "oversold" as mentioned previously]

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).

## Links in this article

- [BTC/USD](https://www.tradingview.com/symbols/BTCUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)