Bitcoin pushed through the resistance around $5,350 and is currently trading around $5,570. The question many ask themselves is, of course, what this means.
I think the price will rise to around $6,000 where a strong resistance rests and that we will see a decline from that area.
The sellers came back
Another option is that we see a decline from the top of the “supply/demand” area (the green area in the picture below), and it looks like the sellers actually came back just at the top of the zone.
![Bitcoin/usd chart view set on days.](http://news.trijo.co/wp-content/uploads/2019/04/dennis-sahlstrom-technical-analyst-bitcoin-resistance-6000-graph.png)
In future updates, I will be analyzing from a longterm perspective.
![Dennis Sahlström technical analysis of cryptocurrencies.](http://news.trijo.co/wp-content/uploads/2018/09/dennis-sahlstrom-cryptocurrencies-technical-analysis-din-kryptoklubb-1024x211.jpg)