Since April 26, BTC has recovered by 17.58 percent, down to $46,900 on April 25, 2011. Substantial prices at 51 000 dollars and 56 000 dollars have been shown to be momentumous, but the options may have taken effect on the 30 April expiry date in maintaining the price above 54 000 dollars (3.9 billion at 54 000 dollars).
BTC was under its immediate short-term resistance of $58,300 at the time of writing. Bitcoin hint to any correction based on its previous results.
Major short-term price ranges have been established on the Fibonacci lines. As noted above, BTC has soared in charts easily in the amount of $51,647, $54,178 and $56,225.
It is difficult to suggest anything but a price increase, but the chance of sideway movement is legible because of the SSL indicator and the 50-period moving average. If you take a breath in the next few days, Bitcoin will close the gap to the new $65,000 ATH in short notice.
The MACD and Awesome Oscillator have been observing a time of correction or consolidation. According to the predictor, over the last month the bullish momentum decreased and the MACD signal showed a bizarre turnaround.
At the time of the press, the Relative Strength Index or RSI was within the overbought area and the traders will maintain this specific scope if the market change stays lagging and no direct fall occurs. Selling pressures will slightly drag the RSI down, but buyers will keep dominant.
Summit:
Although a period of consolidation or decrease in the market structure suggests that trend trading in 2021 was crucial. Without breathing, BTC will go up past $60,000 in the next 24 hours but the price preferably needs to cool down somewhat in advance of its next leg.
