Past Performance of Bitcoin
Bitcoin prices remain higher when writing, steadying above $30k as buyers soak in selling pressure on April 14. Then, bears were in control as a pin bar formed. Looking at the chart, the failure of buyers to press lower on April 15 and 16 below $30k means the uptrend momentum is high. There could be more gains towards $32k and $35k in the sessions ahead.
#Bitcoin Technical Analysis
BTC is within a bullish breakout formation, surging above the rising channel. Since the bull bar of April 10 is with rising volumes and subsequent bars are relatively higher, above
29K
, every low is a loading opportunity. Traders can look for entries above the April 10 highs of $26.5k, with the next target at $32k and later $35k, marking January 2022 lows.
What to Expect from #BTC?
Traders are confident despite the current contraction. The rejection of prices below $30k over the weekend cements this bullish preview. As such, market participants can look for entries on every dip, targeting last week's highs, $32k, and other key reaction points in the short to medium term.
Resistance level to watch out for: $32k
Support level to watch out for: $29.6k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin prices remain higher when writing, steadying above $30k as buyers soak in selling pressure on April 14. Then, bears were in control as a pin bar formed. Looking at the chart, the failure of buyers to press lower on April 15 and 16 below $30k means the uptrend momentum is high. There could be more gains towards $32k and $35k in the sessions ahead.
#Bitcoin Technical Analysis
BTC is within a bullish breakout formation, surging above the rising channel. Since the bull bar of April 10 is with rising volumes and subsequent bars are relatively higher, above
29K
, every low is a loading opportunity. Traders can look for entries above the April 10 highs of $26.5k, with the next target at $32k and later $35k, marking January 2022 lows. What to Expect from #BTC?
Traders are confident despite the current contraction. The rejection of prices below $30k over the weekend cements this bullish preview. As such, market participants can look for entries on every dip, targeting last week's highs, $32k, and other key reaction points in the short to medium term.
Resistance level to watch out for: $32k
Support level to watch out for: $29.6k
Disclaimer: Opinions expressed are not investment advice. Do your research.
