Bitcoin April 5, 2022: The Road to 60%.

Moderately optimistic – Attempts to win $ 50,000 for bitcoin (BTC) are currently halted by the $ 47,000 to $ 48,000 resistance zone. The decisive battle for bears and bulls, however, is at lower levels.

The Daily Bitcoin (BTC) course is offered in collaboration with the Traing du Coin and its algorithmic trading solution finally accessible to people.

In search of the flip: 60% increase possible for bitcoin

The price of Bitcoin goes up up to about $ 47,175 at Bitfinex today, April 5, 2022. The bulls, however, fail to keep the price of the cryptocurrency above $ 47,000, and even $ 46,000. Bitcoin trades at $ 45,652 at the time of writing this article, and currently records a daily loss of 1.42%.

The YouTuber known as Crypto Rover reported that bitcoin is re-testing the 200-day moving average “as support for the first time in 190 days.” He showed in a graph that bitcoin ” increased by 66% within 43 days of the last time it happened! This average is currently between $ 45,000 and $ 46,000.

Crypto Rover Launch – Source: Twitter

Blockware analyst William Clemente also noted that bitcoin is currently trying to turn resistance into $ 44,000 area: $ 46,000 support.

Attempts have been made to reverse the $ 45,000- $ 46,000 support for bitcoin (BTC).
Posted by Will Clemente – Source: Twitter

Can the bulls win this bullish bet? Will this month of April 2022, and more broadly this second quarter, be favorable to them?

Trader Rekt Capital showed in a chart, bitcoin closing “quarterly below mid-range resistance for three consecutive quarters”. However, Bitcoin “managed to form a lower high” during the month, which is above “the lowest high of several quarters” in the orange area of ​​the chart below.

A promising quarter for bitcoin (BTC).
Rekt Capital publication – Source: Twitter

Markets are in a routine with bitcoins fluctuating for several days in this range of $ 45,000 to $ 47,500. Traders and analysts have their eyes set on the $ 45,000- $ 46,000 battle, which could lead to a transformation of this area into an essential support to be able to cross $ 50,000 again, or a bearish break.

Is it possible to be a winner every time? Whether the price of bitcoin is in good shape or turbulent, Coin Trading offers you a chance to increase your chances of success. In fact, Coin Trading allows people to access it a business tool algorithmic and 100% automated. Real Trend Mechanism, try this tool designed to adapt to market investments and position you in the most dynamic cryptographic assets of the moment.

Leave a Comment

%d bloggers like this: