Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
So after consolidation between $8,000 β $8,400, we finally saw the expected breakout of the $8,400 resistance. As mentioned in our previous BTC analysis, breaking this level will send it up to test the strong $9,000 resistance.
As of now, looks like another consolidation around this level before breaking it up. Seems like it wonβt be easy. Stochastic RSI is around its highest levels, hence, we might see a correction down before trying to break the 9K resistance again. Next target levels are the $9,400 resistance before reaching the $10,000 resistance mark. From below β the $8,400 resistance turned support and $8,000.
Overall, since we broke up the long-term descending line, looks like Bitcoin is on the green side.
BTC/USD BitFinex 4 Hours chart
The post Bitcoin Price Analysis April.21 appeared first on CryptoPotato.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.