Bitcoin has risen in price by 10.06%

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On Monday, April 26, at the end of the day, bitcoin rose in price by 10.06%, to $ 54,001. The week started off well. The liquidity zone is at 55,500. Buyers need to close the week above $ 56,500 to completely reverse the sellers.

Tesla company reported for the 1st quarter of 2021. From the report it became known that the company sold part of the bitcoins purchased in February for $ 272 million (they threw off about 10%). The profit from the sale of the first cryptocurrency is estimated at $ 101 million. Elon Musk said that the company checked the liquidity of the market and was very pleased. Digital assets from the sale of electric cars for Bitcoin will accumulate. A positive signal for the market.

The rebound is good from $ 46930. The alts are also being restored. Buyers need to pass level 55892 (50% of the fall from $ 64854 to $ 46930). For me it is a level of balance. The trend is bullish, so there should be no problems with passing.
The second task is to close the week above $ 56,500. The fact is that the previous weekly candlestick opened at 56150. To form a bullish engulfing candlestick setup, you need to close above the specified level. $ 56,500 is a margin to give buyers confidence in the new rally.

Summary: Elon Musk did not disappoint the market, saying that the company believes in the value of bitcoin in the long term and will continue to sell electric cars for bitcoin. The rebound was 17% and there is every reason to believe that the growth will continue. Closing the week above 56150 will form a “bullish engulfing” candlestick setup, which will attract new buyers to the market, who were taken out during the fall. Nearest target 60600

Posted Using LeoFinance Beta



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