Technical charts suggest that Bitcoin price is en route to new lows, but how will investors respond?
) dipped back toward $61,000 on April 17, indicating a lack of demand at higher levels. According to data from Farside Investors, Bitcoin’ss from the spot Bitcoin exchange-traded funds on April 12 and 15. CryptoQuant founder and CEO Ki Young Ju said in a X post that demand for Bitcoin ETFs has “stagnated for 4 weeks.”
Conversely, if the price rebounds off $2,852 with strength, it will signal solid buying at lower levels. The bulls will then make another attempt to clear the 20-day EMA. If they succeed, the pair may attempt a rally to $3,679.The BNB/USDT pair could tumble to the strong support at $495, an important level to watch out for. If this support gives way, the BNB/USDT pair will be vulnerable to fall to $460 and later to $400.
Any recovery attempt is likely to face selling at $0.52 and again at the 20-day EMA. A break and close above this resistance will suggest that the XRP/USDT pair may swing between $0.41 and $0.74 for a while longer.) relief rally stalled at the 50-day SMA on April 15, indicating that the bears continue to sell on every rise.The 20-day EMA is turning lower, and the RSI is in the negative territory, signaling that bears have the edge.
The failure of the bulls to start a meaningful rebound off $0.46 increases the risk of a breakdown to $0.40 in Cardano and the RSI in the oversold zone indicate that bears are in control.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UNI Slumps 17% Following SEC Developments, BTC, ETH, DOGE, TON on the Rise (Market Watch)Crypto Blog
Read more »
Silver price today: Rises on April 17Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Read more »
Average San Diego County gas price rises to highest amount since Nov. 17The average price of a gallon of self-serve regular gasoline rose to $5.154, its highest amount since Nov. 17.
Read more »
ESPN BET promo code AMNY: Claim $150 bonus in 17 states this weekESPN BET is one of the hottest new sportsbooks in the industry and ESPN BET Promo Code AMNY arrives just in time for a week of Sweet 16, MLB and NBA action.
Read more »
Comic Book Movie With 17% Rotten Tomatoes Score Soars Into Netflix Global Top 10Hellboy gets a second life on streaming.
Read more »
Canada Goose Lays Off 17 Percent of Its Corporate WorkforceCanada Goose has reduced its corporate workforce by 17 percent, but the company declined to specify how many people were impacted.
Read more »