Hello dear traders and investors of TradingView community. Are you curious about the current state of Bitcoin and its impact on the altcoin market?
Bitcoin is currently encountering difficulty breaking through the 30,000 level, which could result in the price hovering around this level and fluctuating between 28,000 to 29,800.
However, between April 19-22, there is a possibility of the price rebounding and reaching 29,600 to 29,800 before facing resistance. If the price does reach around 29,800, it is expected to experience another pullback towards the low-29,000 range.
This sideways movement of Bitcoin could have a positive impact on altcoins, as they may have an opportunity to increase in value.
We'd love to hear your thoughts on the current Bitcoin price action.
Please feel free to leave a comment below with any feedback or questions you may have. Your input is greatly appreciated!
Bitcoin is currently encountering difficulty breaking through the 30,000 level, which could result in the price hovering around this level and fluctuating between 28,000 to 29,800.
However, between April 19-22, there is a possibility of the price rebounding and reaching 29,600 to 29,800 before facing resistance. If the price does reach around 29,800, it is expected to experience another pullback towards the low-29,000 range.
This sideways movement of Bitcoin could have a positive impact on altcoins, as they may have an opportunity to increase in value.
We'd love to hear your thoughts on the current Bitcoin price action.
Please feel free to leave a comment below with any feedback or questions you may have. Your input is greatly appreciated!
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NEW CHART: Based on recent market data, it appears that Bitcoin has demonstrated a Bullish Divergence on the 1-hour timeframe. This suggests that there is potential for an upward rebound in the price, with fluctuations indicating a possible increase up to 29,500.
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💡 Elevate Your Trading Game! Join Vestinda's Vibrant Discord Community💬
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.