Bitcoin Price Analysis
The price of BTC has been moving within a range for the last 21 days with a high of $29184 and a low of $26508.
BTC has maintained this range amidst various positive and negative news.
If price breaks above this range with good volume, we can see price moving to next resistance area of $32000 and if price breaks below this range, we can see a retest of
25K level.
Technical Indicators:
Price is above 21 and 50 EMA : Bullish
RSI > 50 Bullish
Important dates in April which can cause volatility in price of BTC:
1. 12 April 2023 : CPI data and minutes of the FED meeting held in March will be released in the United States. Ethereum's Shanghai Uprade will be released.
2. 18 April 2023 : the European Union will debate on the MiCA (Markets in Cryptocurrency Asset) bill.
3. 28 April 2023 : PCE data in the US will be released
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
BTC has maintained this range amidst various positive and negative news.
If price breaks above this range with good volume, we can see price moving to next resistance area of $32000 and if price breaks below this range, we can see a retest of
25K level.Technical Indicators:
Price is above 21 and 50 EMA : Bullish
RSI > 50 Bullish
Important dates in April which can cause volatility in price of BTC:
1. 12 April 2023 : CPI data and minutes of the FED meeting held in March will be released in the United States. Ethereum's Shanghai Uprade will be released.
2. 18 April 2023 : the European Union will debate on the MiCA (Markets in Cryptocurrency Asset) bill.
3. 28 April 2023 : PCE data in the US will be released
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
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