Bitcoin rises in price against the US dollar

Bitcoin has appreciated against the US dollar since October 2020. It closed April at a loss of 1.78%. The series of bullish candlesticks was interrupted. The lower shadow of the monthly candlestick for April is 22.9%. The weekly candle closed at $ 56,578, above the open price of the candle for the week of April 19-25. As a result, a bullish engulfing candlestick setup was formed (a signal to renew the historical maximum of $ 64854).

Since Monday, the strengthening of bitcoin and altcoins has continued. Ether updated its all-time high at $ 3207. Bitcoin price has recovered to $ 59,056. While we are growing according to the template February - March 2020.

At the daily TF, buyers need to pass $ 60,200. In my opinion, for a good trend, you should not grow rapidly to 66.0-67.00 thousand. The faster the price rises, the higher the probability of a market collapse, since with an increase above 65 thousand we have there will be four peaks.

In general, everything is good to continue the upward movement. I don't like the fact that the volume decreases with growth. It should at least keep at 55k-60k BTC. The price is trading at 50% of the channel level. There is nothing to punch here so that V grows

Posted Using LeoFinance ^Beta