(4/13, Tue) btc moved sideways with the dominance still going down

in #btc4 years ago

Yesterday(4/12 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $60076, its lowest as $59437, its highest as $61424, its closing as $59880. Bitcoin seems to rise right after the start of Monday, but fell after being blocked by a sell-off, and started rising from 03:00 and reached a high at 07:30. Immediately afterwards, the sell volume increased and reached a low at 10:30, and after rising and sideways, closed weaker flat.

Looking at the 4-hour chart, the volume continues to decline, so sooner or later it is possible that the volume will increase again and the price will move big. If the btc rises companied by big volume, the first target price would be $63,000 and the second target would be $66,000. After five or six attempts to break through the $60,000 in the last two weeks, the last week closed above $60000 the day before, and yesterday's closing just below $60,000 without a major decline seems positive.

In the financial market, bidding for US 10-year and 30-year bonds was completed smoothly and did not affect economic indicators. And FED Chairman Powell’s CBS News interview also stated, “The economy is improving,” at the same level as before by which dollar moved steadily, and it was a day without big movement overall.

According to the news of the cryptocurrency market, Time Magazine, which boasts a history of 100 years, has announced that it will add bitcoin to its balance sheet which make Time Magazine to be the fourth largest U.S. company to own bitcoin after MicroStrategy, Square, and Tesla.And it has also announced plans to pay CEO salaries in bitcoin and receive magazine subscriptions in cryptocurrency.

If the news of Wal-Mart's purchase of bitcoin is announced, I guess it's not impossible that btc would go beyond $80,000 to $100,000 by the end of May.

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