(4/22, Thu) btc needs super big good news to break through $60000

Yesterday(4/21 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $56513, its lowest as $53828, its highest as $56802, its closing as $53828. As soon as bitcoin started Wednesday, it reached a peak in 15 minutes and immediately began to decline, ending down -4.8% to the lowest price through a drop-rebound-fall in a large inverted N-shaped drop pattern on the 1-hour chart.

On the 1-hour chart, it was blocked by 100MA resistance, and on the 4-hour chart, it was blocked by 20MA resistance which can be considered as not good chart. Looking at the daily chart, 50MA, which has been supported since the breakthrough of $11000 in October last year, broke down on the last Sunday, and then rose over it on the previous day and then came down again. Unless btc rose over $56800 in a day or two, you should be considering that btc could get down to the 100MA support of $49300.

In the financial market, stocks and commodities are showing rise and fall as the dollar index declines while the inflationary issue was disappearing. As I said before, I guess it is correct to interpret this as good news for the cryptocurrency market. Rather, the spread of the Covid-19 mutant virus and a large increase in confirmed cases in India, Brazil, Japan and several European countries are more likely to be a problem for the crypto market.

One interesting news about the cryptocurrency market is that the UK is making a move against cryptocurrency. Along with the news that the UK plans to issue its own digital currency, UK government wants to focus on regulation of stablecoins and some British banks banned the handling of stocks of cryptocurrency companies. I hope that the UK government's this move will not lead to the US government's regulation of cryptocurrency.