BTC price due new highs: Five things to know in Bitcoin this week
Bitcoin saw a green weekly close despite renewed US-Iran war momentum, and a trader forecast that BTC price action would beat last week's local highs.
Bitcoin (BTC) begins the last full week of April juggling fresh US-Iran war fears as resistance hurdles line up.
Key points:
Bitcoin stays green on weekly time frames with multiple nearby price levels in focus.
Elliott Wave analysis concludes that $81,000 is Bitcoin bulls’ next “final boss.”
A resurgent US-Iran war threatens to unravel last week’s crypto and risk-asset gains.
Bitcoin ETFs see major inflows, but investors’ cost basis is still above $80,000.
Bitcoin’s true market mean metric reveals that the current bear market remains “mild.”
BTC price can still make “new highs” this week
Bitcoin still managed a “green” weekly candle despite last-minute sellers driving price below $74,000.
Data from TradingView shows a modest recovery ensuing as the new week begins — despite the lingering threat of geopolitical escalation between the US, Israel and Iran.
Price now has multiple resistance levels overhead, with the nearest being its 21-week exponential moving average (EMA) at $78,400.
Over the weekend, trader and analyst Rekt Capital stressed the influence of that trend line.
“Bitcoin is rejecting from the 21-week EMA (green),” he noted in an X post alongside a print of the weekly chart.
The source:
https://cointelegraph.com/markets/btc-price-due-new-highs-five-things-bitcoin-this-week
Bitcoin saw a green weekly close despite renewed US-Iran war momentum, and a trader forecast that BTC price action would beat last week's local highs.
Bitcoin (BTC) begins the last full week of April juggling fresh US-Iran war fears as resistance hurdles line up.
Key points:
Bitcoin stays green on weekly time frames with multiple nearby price levels in focus.
Elliott Wave analysis concludes that $81,000 is Bitcoin bulls’ next “final boss.”
A resurgent US-Iran war threatens to unravel last week’s crypto and risk-asset gains.
Bitcoin ETFs see major inflows, but investors’ cost basis is still above $80,000.
Bitcoin’s true market mean metric reveals that the current bear market remains “mild.”
BTC price can still make “new highs” this week
Bitcoin still managed a “green” weekly candle despite last-minute sellers driving price below $74,000.
Data from TradingView shows a modest recovery ensuing as the new week begins — despite the lingering threat of geopolitical escalation between the US, Israel and Iran.
Price now has multiple resistance levels overhead, with the nearest being its 21-week exponential moving average (EMA) at $78,400.
Over the weekend, trader and analyst Rekt Capital stressed the influence of that trend line.
“Bitcoin is rejecting from the 21-week EMA (green),” he noted in an X post alongside a print of the weekly chart.
The source:
https://cointelegraph.com/markets/btc-price-due-new-highs-five-things-bitcoin-this-week
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