news

bitcoin

1 X bitcoin bitcoin =

Thursday

22 April 2021

5 Critical Bitcoin Trading Takeaways for This Week as Price Falls

5 Critical Bitcoin Trading Takeaways for This Week as Price Falls


smart summary beta

Its move downhill came as a part of a broader bearish correction that started after the price crossed $60,000 late last week.

Three technical patterns join together to provide Bitcoin a bullish setup this week: a resistance area that has faced repeated breakout attempts since mid-March; an ascending triangle structure that expects to shoot prices upward; and a 50-day exponential moving average that provides support to the overall short-term bullish bias.

Meanwhile, the resistance area, which somewhat operates as an upper trendline area for the Ascending Triangle pattern, would ultimately give up for a breakout attempt, shooting the BTC/USD rates upward by as much as the Triangle’s maximum length.

Meanwhile, with Bolinger Bands Width lowering, it reflects declining price volatility in the Bitcoin market.

Goto Full Article

bitcoin bitcoin price

$54646.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.4)

Article Metadata

author

site

newsbtc
Market data feeds provided by cryptocompare.com
bitsmart 2021