CoinDesk analysis: BTC will soon rise to $6,000

CoinDesk analysis believes that today (May 3) BTC hit a five-and-a-half-month high of $5,714, strengthening BTC's recent rebound from the 30-day moving average and the April closing price above the 21-month moving average. There are indications that the BTC will soon test the psychological resistance of $6,000. If today's closing price is lower than the 30-day moving average of $5221, the short-term bullish will be terminated; if the closing price is above the 50-week moving average of $5,418, it may trigger profit-taking and cause the BTC to further fall back to $5,000.