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23 April 2021

Bitcoin, Ether, Major Altcoins – Weekly Market Update April 5, 2021

Bitcoin, Ether, Major Altcoins – Weekly Market Update April 5, 2021


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On Thursday, the BTC/USD pair again remained flat near the $58,800 weekly resistance level even though it was trading above it for a certain period of time during intraday.

The weekend of April 3-4 started with a drop to the 26-day EMA on the daily timeframe on Saturday.

Here the ether bulls were about to face a really solid horizontal and diagonal resistances coming from the previous high registered on March 13.

On Thursday, April 1 the coin registered its highest close ever on the daily chart hitting $1,967, above the weekly resistance.

The first day of the weekend came with a 6 percent correction to $2,006 as the profit-taking activities started to kick in.

The ether is trading close to its previous all-time high registered in February – $2,045.

Ethereum’s main competitor added 37.5 percent to its valuation for the last seven days and moved up to #4 on CoinGecko’s Top 100 list with a market cap of $42.8 billion.

The coin moved above the short-term EMAs on the daily chart in the three-day period between 29-31 March then surpassed the previous range high at $38.2 on April 2, which allowed it to climb even higher.

The gaming platform that runs on the TRC-20 standard on the TRON blockchain added the stunning 526 percent for the last seven days and moved up to #67 with a total market cap of $1.75 billion.

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