Bitcoin News Today – Headlines for April 20
发布时间：2020-04-21 09:24:57 发布人：TokenString
Bitcoin News Today – Bitcoin (BTC) recently amassed momentum and settled over the $7k hurdle point against the US dollar. The price of the digital currency is currently consolidating gains over the 100 hourly simple moving average and it looks poised to break over the $7,500 mark in the near term.
Bitcoin Looks Poised for More Gains
After breaking over the $6,800 hurdle point successfully, the price of the digital currency amassed bullish traction against the U.S. dollar. Bitcoin continued its uptrend and broke over the $7k hurdle and the 100 hourly simple moving average. The bulls even pushed the price of the digital currency over the $7,200 resistance, bringing BTC to USD price to as high as $7,302 before it started correcting lower.
The bears showed up and pushed the price of the digital currency below the $7,100 mark. However, the bulls were able to hold gains over the $7,050 support zone. The world’s largest digital currency formed a low at $7,066 and remained stable over the 100 hourly SMA. It appears there is a formation of a strong support base close to the $7,050 mark.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$6,898.09
-3.53%
Besides, there is a formation of a bullish trendline with support close to the $7,100 mark on the hourly chart of the BTC/USD trading pair. The price of the digital currency is currently surging higher and trading close to the 50 percent Fibonacci retracement of the previous swing from the high of $7,302 to the low of $7,066.
On the upside, the immediate hurdle for the digital currency is close to the $7,215 and $7,220 marks. However, the first major resistance is close to the $7,250 mark or the 76.4 percent Fibonacci retracement level of the previous swing from the high of $7,302 to the low of $7,066.
A successful break over the $7,250 mark could pave the way for more gains towards the $7,300 and $7,400 marks. Over those levels, the next key hurdle is close to the $7,500 mark. Bitcoin has been trapped below the $7,500 mark over the past week, and it needs enough bullish traction to break over that level.
Bitcoin Finds Strong Support on the Downside
On the downside, Bitcoin has found strong support close to the $7,050 mark and the 100 hourly simple moving average. However, if digital currency fails to hold gains over the $7,050 and $7k support marks, it could begin a fresh downtrend. A break below the $7k mark would pave the way for more losses towards the $6,800 support mark.
Bitcoin News Today – Bitcoin (BTC) recently amassed momentum and settled over the $7k hurdle point against the US dollar. The price of the digital currency is currently consolidating gains over the 100 hourly simple moving average and it looks poised to break over the $7,500 mark in the near term.
Bitcoin Looks Poised for More Gains
After breaking over the $6,800 hurdle point successfully, the price of the digital currency amassed bullish traction against the U.S. dollar. Bitcoin continued its uptrend and broke over the $7k hurdle and the 100 hourly simple moving average. The bulls even pushed the price of the digital currency over the $7,200 resistance, bringing BTC to USD price to as high as $7,302 before it started correcting lower.
The bears showed up and pushed the price of the digital currency below the $7,100 mark. However, the bulls were able to hold gains over the $7,050 support zone. The world’s largest digital currency formed a low at $7,066 and remained stable over the 100 hourly SMA. It appears there is a formation of a strong support base close to the $7,050 mark.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$6,898.09 |
-3.53%
|
Besides, there is a formation of a bullish trendline with support close to the $7,100 mark on the hourly chart of the BTC/USD trading pair. The price of the digital currency is currently surging higher and trading close to the 50 percent Fibonacci retracement of the previous swing from the high of $7,302 to the low of $7,066.
On the upside, the immediate hurdle for the digital currency is close to the $7,215 and $7,220 marks. However, the first major resistance is close to the $7,250 mark or the 76.4 percent Fibonacci retracement level of the previous swing from the high of $7,302 to the low of $7,066.
A successful break over the $7,250 mark could pave the way for more gains towards the $7,300 and $7,400 marks. Over those levels, the next key hurdle is close to the $7,500 mark. Bitcoin has been trapped below the $7,500 mark over the past week, and it needs enough bullish traction to break over that level.
Bitcoin Finds Strong Support on the Downside
On the downside, Bitcoin has found strong support close to the $7,050 mark and the 100 hourly simple moving average. However, if digital currency fails to hold gains over the $7,050 and $7k support marks, it could begin a fresh downtrend. A break below the $7k mark would pave the way for more losses towards the $6,800 support mark.
