(4/21, Wed) btc rose over weekly opening price of $56258 which is positive.

Yesterday(4/20 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $55705, its lowest as $53405, its highest as $57127, its closing as $56513. As soon as the bitcoin started on Tuesday, the sell volume increased and btc fell with an inverse N-shaped pattern, falling to a low at 07:30, and then with increasing the buy trading volume btc rose with an N-shaped pattern, to close 1.5% increase.

Looking at the 1-hour chart, btc broke the 100MA resistance line, which was blocked three times on the previous day, but fell after being blocked by the 50MA resistance line. It can be seen that while the trading volume is also maintained at a small level, there is still a lack of energy for further increase. As mentioned before, once btc break down the 100MA sharply on the 4-hour chart, it takes 4-5 days to rise to the 100MA again, so it is expected to rise to $58600(100MA) on around coming Thursday or Friday.

Notable news for the cryptocurrency market is that Ethereum ETF trading has begun on the Toronto Stock Exchange in Canada. Ethereum is also expected to have upside potential, considering that the asset size has exceeded $1 billion since the start of Bitcoin ETF trading two months ago, and the Bitcoin price has since risen 10%.

Another news is that the contract for non-liquidation of Bitcoin futures in last March increaseed 174% compared to the beginning of the year, and it is clear that bitcoin will rise in the long run, as non-liquidation of futures contracts can be interpreted as more investors betting on the rise. However, under the premise that there is no government-wide ban on cryptocurrency in big countries such as the United States or China.