Bitcoin is showing signs of exhaustion on the short-duration technical charts, but a pullback has been elusive – so far.
The widely-followed MACD indicator has turned bullish for the first time in over a year, backing up signs of a long-term bitcoin bull reversal.
Bitcoin looks set to end April in the green for the fourth consecutive year, having climbed 27 percent already this month.
Cryptocurrency data provider CoinMarketCap has launched its first Android app and revamped its iOS product, adding new app-only features.
Bitcoin's stalled rally could take off again if the bulls can convincingly breach a new resistance level above $5,200.
Bitcoin confirmed a longer-term bull breakout a week ago, but the rally has since flattened out. What's going on?
Bitcoin dropped to around $4,900 earlier today, but has since fought back to above the $5K psychological support line.
Bitcoin has fallen back close to psychological support at $5,000 after a failed breakout Wednesday.
Bitcoin is trending inside an ascending triangle pattern on the hourly chart that brings potential for a move to over $5,880, analysis suggests.
Several bitcoin price indicators have turned positive on the charts, strongly suggesting bullish momentum is growing.