Bitcoin News Today – Headlines for April 26
发布时间：2020-04-27 09:13:13 发布人：TokenString
Bitcoin News Today – Bitcoin (BTC) has been trading in a bullish zone over the past few days. The digital currency recently broke over the major $7,500 hurdle point. Bitcoin is currently trading well over the $7,500 mark and it is now heading for the $8k mark.
Bitcoin Is Back in the Bullish Zone
This past week, the world’s largest digital currency began a strong upsurge from the swing low of $7,028 against the US dollar. The price of the digital currency amassed bullish traction and broke over the major $7,200 hurdle point. This move paved the way for more gains towards the $7,400 hurdle point and the 100 simple moving average (4-hours).
The digital currency even broke over the $7,500 resistance and tested a new weekly high of $7,788 before it started correcting lower. The slight correction pushed BTC’s price below the $7,700 mark. Bitcoin (BTC) is now trading below the 23.6 percent Fibonacci retracement level of the previous swing from the low of $7,028 to the high of $7,788.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$7,767.34
2.21%
On the downside, the $7,400 support mark is acting as a strong buy zone. The 50 percent Fibonacci retracement level of the previous swing from the low of $7,028 to the high of $7,788 is also close to the $7,408 and it is acting as a nice support zone. The digital currency is currently consolidating over the $7,500 support mark, which is its immediate support mark.
More importantly, there is a formation of a near-term contracting triangle with a hurdle close to the $7,625 mark on the 4-hour chart of the BTC/USD trading pair. If the digital currency successfully breaks over the $7,625 and $7,650 hurdle points on the upside, the price of the will likely resume its uptrend.
Over those levels, the next hurdle of the digital currency is close to the $7,800 mark, over which the bulls are likely to push prices towards the $8k hurdle point. However, the bulls need to continue holding gains for this to happen in the near term.
Bitcoin Finds Strong Support on the Downside
Bitcoin (BTC) has found decent support on the downside. However, if the digital currency fails to break over the $7,650 mark, it could plunge further. On the downside, the immediate hurdle is close to the $7,500 mark. However, the first key support for the digital currency is close to the $7,400 mark, where the bulls are more likely to show up.
Nevertheless, if the bulls fail to protect that support level, then the next downward move might send Bitcoin to the next major support at $7,200.
Bitcoin News Today – Bitcoin (BTC) has been trading in a bullish zone over the past few days. The digital currency recently broke over the major $7,500 hurdle point. Bitcoin is currently trading well over the $7,500 mark and it is now heading for the $8k mark.
Bitcoin Is Back in the Bullish Zone
This past week, the world’s largest digital currency began a strong upsurge from the swing low of $7,028 against the US dollar. The price of the digital currency amassed bullish traction and broke over the major $7,200 hurdle point. This move paved the way for more gains towards the $7,400 hurdle point and the 100 simple moving average (4-hours).
The digital currency even broke over the $7,500 resistance and tested a new weekly high of $7,788 before it started correcting lower. The slight correction pushed BTC’s price below the $7,700 mark. Bitcoin (BTC) is now trading below the 23.6 percent Fibonacci retracement level of the previous swing from the low of $7,028 to the high of $7,788.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$7,767.34 |
2.21%
|
On the downside, the $7,400 support mark is acting as a strong buy zone. The 50 percent Fibonacci retracement level of the previous swing from the low of $7,028 to the high of $7,788 is also close to the $7,408 and it is acting as a nice support zone. The digital currency is currently consolidating over the $7,500 support mark, which is its immediate support mark.
More importantly, there is a formation of a near-term contracting triangle with a hurdle close to the $7,625 mark on the 4-hour chart of the BTC/USD trading pair. If the digital currency successfully breaks over the $7,625 and $7,650 hurdle points on the upside, the price of the will likely resume its uptrend.
Over those levels, the next hurdle of the digital currency is close to the $7,800 mark, over which the bulls are likely to push prices towards the $8k hurdle point. However, the bulls need to continue holding gains for this to happen in the near term.
Bitcoin Finds Strong Support on the Downside
Bitcoin (BTC) has found decent support on the downside. However, if the digital currency fails to break over the $7,650 mark, it could plunge further. On the downside, the immediate hurdle is close to the $7,500 mark. However, the first key support for the digital currency is close to the $7,400 mark, where the bulls are more likely to show up.
Nevertheless, if the bulls fail to protect that support level, then the next downward move might send Bitcoin to the next major support at $7,200.
