BTC/ USD PRICE ANALYSIS

Bitcoin has finally broken out of the 50-day SMA after remaining range-bound for seven days. Though this is a bullish sign, we still don’t see a strong buying conviction, as the up move is lacking momentum. This shows that the market participants are cautious of this rally

If prices fail to hold above the 50-day SMA, it will be a bearish sign and prices can fall back to the first support level of $7,900. Therefore, we suggest the traders should keep the stops on the BTC/USD pair at breakeven.

Bitcoin

8789.88 USD (3.33%)
1.00 BTC (0.00%)

Market Cap
149,350,169,562 USD
16,991,150 BTC
Volume (24h)
8,343,990,000 USD
951,745 BTC
Circulating Supply
16,991,150 BTC
Max Supply
Source: https://cointelegraph.com/news/bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-neo-eos-price-analysis-april-21/amp