Bitcoin has fallen in price again

On Wednesday, April 21, Bitcoin fell 4.67% against USDT to $ 53,783, while ETH gained 1.16% to $ 2,357. If we go back to yesterday's hourly chart, the triangle is fully formed. The price went down from it. He was under pressure from pairs with BTC, where buyers took altcoins for bitcoin. At the auctions in Asia, the price dropped to $ 52,561. At the time of this writing, Bitcoin is worth $ 55,117, while ETH has climbed to 2,536.

In trading in Europe, sellers once again attempted to break through to the $ 50,931 low. The attempt was unsuccessful. Sellers began to close short positions amid a rally in Ether and Litecoin. As a result, the market has collected stops under the “D” wave (below $ 54276), and now buyers can break stops on short positions above the “E” wave (above $ 56346) following the trend. You can no longer look at the triangle.

Take a look at the daily chart. Key bases are rising. The $ 53000 (dotted lines) and $ 51,500 levels have not been passed. With a rise above $ 57,500, growth may accelerate to $ 59,000. When the day closes above 56425, a bullish engulfing candlestick setup will form. Apparently someone got scared of a rebound from the daily chart and began to hide.

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