the following chart on April 10 highlighting the strong move in Bitcoin, but he also warned that “it’s the weekend and we still need to crack this resistance zone.”After the April 11 pullback, van de Poppe posted a follow-up tweet addressing the rejection at $43,000 and offering insight into what level to keep an eye on as the next support. According to the trader, “the green zone” in the $43,000 to $44,000 range would need to become a support to preserve any blossoming bullish momentum.
the following chart looking at the Bitcoin price action since April 2021. McKenna said that “this has been the weirdest bear market I’ve seen.”“I don’t even think we see sub $30,000, I’m more in favor of just choppy price action in this range which is also hell. Just need corn to chill and let my altcoins run.”the following chart highlighting the consolidation range Bitcoin has been trading in since last November.“Bitcoin consolidation continues [...] leverage is in control [...
A final bit of insight on the future of BTC price was provided by Philip Swift, markets analyst and founder of LookintoBitcoin, whoBTC/USD 1-day chart. Source: Twitter According to Swift, the 1-year MA “has acted as a pivot point for bull v. bear markets throughout Bitcoin’s history.”The overall cryptocurrency market cap now stands at $1.874 trillion and Bitcoin’s dominance rate is 41.4%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
You wrote the same fud before the latest inflation announcement but after Bitcoin pumped hard. Why something who fights inflation will get negative effect from high inflation rates?
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BTC is always bullish 🐂🐂🐂🔥🔥🔥 zoom out and you will see 💎💎💎🚀🚀🚀💕💕💕
Gamefi_club Nobody said that building wealth was easy. Keep accumulating and invest in future technology $FEG $ROX SmartDeFi
going to 0
We are already in bearmarket from last 7 months
What is your opinion about the current Bitcoin state, since its Fear and Greed Index is 50 - NEUTRAL, with price of 40181.853831823333 usd? Our analytical team has done extended research regarding BTC, but we want to hear your opinion also.
Short manipulation market
bear market?
Corgi has been so good today, please be kind to me
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