Bitcoin (BTC) Price Prediction – April 7, 2021
Bitcoin price now fluctuates below and above the $58,000 crucial support level. Besides, the price action is characterized by small body candlesticks called Doji and Spinning tops. These candlesticks describe that buyers and sellers are undecided about the direction of the market.
Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000
On the daily chart, the small body candlesticks called Doji and spinning tops indicates that buyers and sellers are in a period of indecision. This is the reason the king coin has been fluctuating below the $60,000 overhead resistance. In a nutshell, BTC price is fluctuating between $57,000 support and $60,000 overhead resistance since March 30. For the past week, Bitcoin has not trended. BTC/USD has been confined in a price range.
Presently, the market is falling below the $58,000 support. BTC price tends to rise … Read more