Bitcoin (BTC) eyed new April highs at the April 15 Wall Street open amid skepticism over BTC price strength.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin price faces multiple resistance hurdles
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD seeking to break through $86,000.
Continued strength through the weekend had set up the pair for an attack on levels closer to $90,000, these absent since early March.
Concerns over macroeconomic volatility, with the US trade war at its center, nonetheless kept market participants from calling an end to the Bitcoin bull market correction.
“It’s funny watching sentiment shift so quickly – just days ago everyone was calling for 50k, now they’re rushing to flip bullish at the first green candle. This emotional rollercoaster is exactly why most traders lose money,” trading resource Stockmoney Lizards wrote in