Bitcoin Price Prediction (BTC) – April 22
Bitcoin has effortlessly zoomed above $7,000 before refreshing levels above $7,200 as the technical indicator remains positive.
BTC/USD Long-term Trend: Bullish (Daily Chart)
Resistance Levels: $8,000, $8,200 $8,400
Support Levels: $6,000, $5,800, $5,600
The daily chart reveals that BTC/USD is seen following the bullish trend in the long-term outlook. The Bears lost the momentum at the support level of $6,700 and could not penetrate this level. The coin bounced and propelled towards the north. The price has broken upside by crossing the 9-day and 21-day moving averages and it is now facing the resistance level of $7,200 within the channel. The strong bullish daily candle formed today on the daily chart indicates that the bulls are coming up.
Meanwhile, looking at the chart, in the case where a reversal surface again, the $6,000, $5,800 and $5,600 may … Read more