Bitcoin News Today – Headlines for April 27
发布时间：2020-04-28 09:10:59 发布人：TokenString
Bitcoin News Today – Bitcoin (BTC) experienced some notable increase a few hours ago, which helped pushed its price towards the $7,700 mark. Bitcoin is currently facing another dire rejection on the upside. This has placed the digital currency decisively back into a tight trading range. Many analysts are now predicting that the digital currency might correct further in the near term.
Traders Expect BTC to “Nuke” Lower in the Near Term
On digital currency traders is pointing out that the digital currency could be well-positioned to “nuke lower in the short-term, with this potential downtrend being ignited by a rejection close to the $8k mark. A historically accurate technical indicator is also indicating that the digital currency is well-positioned to start a sharp rally in the near term.
The world’s most dominant digital currency, which just broke over the major $7,500 mark, is now facing strong rejection at the $7,700 mark. At press time, Bitcoin is trading slightly over the $7,600 mark after an increase of about one percent. This marks a slight decrease from its recent high of over $7,700 that was set a few hours ago.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$7,754.92
0.484%
Bitcoin Faces Rejection at $7,700 but a Big Movement Is Imminent
The rejection a few hours ago marks the third time the digital currency is being rejected at that price region. This shows that the scales are tipped in favor of the bears and this latest upward trend may be losing its steam. If the next attempt to break over that level fails, the result could be awful. It might result in further downward corrections in the near term.
The impact of this potential move is likely to be quite massive, as the Bollinger Bands of Bitcoin are beginning to pinch on its 4-hour chart. This is a sign that a massive uptrend is imminent. A pseudonymous digital currency analyst on Twitter recently gave his opinion on this technical occurrence in a tweet. He noted that Bitcoin bulls have the edge as 4-hour Bollinger Bands begins to pinch.
Will Bitcoin Plunge to the $7k Support Zone?
Regarding the impact of this volatility on the price of Bitcoin, another crypto analyst said that he expects the price of Bitcoin to rise towards the $8k mark before facing a terrible rejection that will send its price back to the $7k region.
He talked about this possibility in a recent tweet. In the tweet, he said that he is adding to his long in anticipation of Bitcoin hitting the $8k mark, with the rejection at that level igniting a notable downtrend.
Bitcoin News Today – Bitcoin (BTC) experienced some notable increase a few hours ago, which helped pushed its price towards the $7,700 mark. Bitcoin is currently facing another dire rejection on the upside. This has placed the digital currency decisively back into a tight trading range. Many analysts are now predicting that the digital currency might correct further in the near term.
Traders Expect BTC to “Nuke” Lower in the Near Term
On digital currency traders is pointing out that the digital currency could be well-positioned to “nuke lower in the short-term, with this potential downtrend being ignited by a rejection close to the $8k mark. A historically accurate technical indicator is also indicating that the digital currency is well-positioned to start a sharp rally in the near term.
The world’s most dominant digital currency, which just broke over the major $7,500 mark, is now facing strong rejection at the $7,700 mark. At press time, Bitcoin is trading slightly over the $7,600 mark after an increase of about one percent. This marks a slight decrease from its recent high of over $7,700 that was set a few hours ago.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$7,754.92 |
0.484%
|
Bitcoin Faces Rejection at $7,700 but a Big Movement Is Imminent
The rejection a few hours ago marks the third time the digital currency is being rejected at that price region. This shows that the scales are tipped in favor of the bears and this latest upward trend may be losing its steam. If the next attempt to break over that level fails, the result could be awful. It might result in further downward corrections in the near term.
The impact of this potential move is likely to be quite massive, as the Bollinger Bands of Bitcoin are beginning to pinch on its 4-hour chart. This is a sign that a massive uptrend is imminent. A pseudonymous digital currency analyst on Twitter recently gave his opinion on this technical occurrence in a tweet. He noted that Bitcoin bulls have the edge as 4-hour Bollinger Bands begins to pinch.
Will Bitcoin Plunge to the $7k Support Zone?
Regarding the impact of this volatility on the price of Bitcoin, another crypto analyst said that he expects the price of Bitcoin to rise towards the $8k mark before facing a terrible rejection that will send its price back to the $7k region.
He talked about this possibility in a recent tweet. In the tweet, he said that he is adding to his long in anticipation of Bitcoin hitting the $8k mark, with the rejection at that level igniting a notable downtrend.
