BTC/USD price analysis for 18th April ,2021

So during the time of my post, the Bitcoin is actually trading at $56010 and there is a lot of volatility currently going on in the market...

Screenshot_20210418-231956.png

Well based on the chart above ,my indicators are showing me that there is a bearish run on the Bitcoin market so the bears have taken over the market and the bulls are not strong enough to stop them right now..

On the Bitcoin market there is a resistance level at $64854,if the Bitcoin price can break that and stay above it then it means the bullish run have continued but for now the bullish run have stopped ....

There is currently a support level at $51000 ,if the price of the Bitcoin goes down and closes below the support level then it means that there will be a massive downtrend on the market.....but the Bitcoin price is finding it difficult to break the support level and stay below it so that means there is still hope for the bullish run to come back again sooner than expected....

Screenshot_20210418-231940.png

On a general note,the Bitcoin market appears bearish and so we should not be surprised if we see the price of Bitcoin reducing but it seems the support level is so strong and difficult to break,that is a sign that the bulls might appear weak but they will still bounce back and push up the price of Bitcoin....

Thanks for reading...


Posted via proofofbrain.io



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I’m not sure if you care, or if your just focused on earning POB, but if you post these type of blogs on the LeoFinance, you might get some better traction.

Are you new to hive? I am new since this last February. Thank you for following me! I always re-follow and try to engage with the people how follow me out of the blue..

What made you want to follow me by the way?

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