01.04.202217:34 Forex Analysis & Reviews: Trading Signal for BITCOIN (BTC/USD) for April 01-04, 2021: sell in case of pullback at $46,782 (21 SMA - 7/8 Murray)

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Since March 14, the Cryptocurrency market had a strong upward movement. The big driver was the comments that there is an agreement on the table between Ukraine and Russia.

This stimulated risk appetite and BTC climbed to $48,200 from the level of $37,500. BTC gains are estimated at more than 30% in 15 days.

The price of Bitcoin, Ethereum and other cryptocurrencies are still feasting on the positive news around Ukraine which has seen solid gains across all risk assets.

However, Bitcoin pulled back from the high of $48,200 to $44,188 in the European session today. It is currently trading at $45,140.

According to the 4-hour chart, we can see that BTC has broken the uptrend channel that sustained since March 14. A pullback towards the resistance zone of $46,781 is expected in the next few hours.

This is the level coinsiding with 21 SMA and 7/8 Murray which represents a key area of technical reversal. BTC is likely to resume its downward movement below this level and could reach the 200 EMA located at $42,707.

Fear, uncertainty and risk aversion could weaken the strength of Bitcoin. If the news from Ukraine is negative, we could expect a BTC drop towards the psychological level of $40,000 and it could reach the support zone of $37,500.

As long as Bitcoin consolidates and trades below $48,500, it will remain under strong bearish pressure and the price could reach $42,000. A breakout and daily close below $42,707 (200 EMA) could be the sign of a trend reversal. Bitcoin could resume its overall bearish move and reach the zone of 37,000 and even $35,000.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

Gana con los cambios en el valor de las criptomonedas con InstaForex.

Descarga MetaTrader 4 y abre tu primera operación.