RATE Group | Bitcoin Price Pushes to Clear $7,750 as Key Weekly Close Approaches
86717
post-template-default,single,single-post,postid-86717,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Price Pushes to Clear $7,750 as Key Weekly Close Approaches

26 Apr Bitcoin Price Pushes to Clear $7,750 as Key Weekly Close Approaches

Posted at 03:39h in Bitcoin News by

Today Bitcoin (BTC) price briefly popped above $7,700, suggesting the reminder of the weekend, along with the weekly close will provide higher than normal levels of excitement. The move to $7,708 was short lived but nearly set a higher high above Thursday’s impressive surge to $7,742. At the time of writing, Bitcoin price is trading sideways between $7,500-$7,569 as traders attempt to press the price above $7,600. 

Altcoins also rallied higher as Bitcoin price squeezed up to $7,700 earlier today but at the moment top movers like Ether (ETH), Chainlink (LINK) and Tezos (XTZ) are dependent on Bitcoin’s price action in order to continue their uptrends. 

Crypto market daily performance

Crypto market daily performance. Source: Coin360

As shown on the 4-hour chart, Bitcoin price is pinned below $7,600 and this level also lines up with the March 12 drop candle which initiated the steep drop to $3,765. We can also see above this is the tweezer top Bitcoin price formed at $7,980 on March 11-12. 

As discussed in

Source link

Tags:
, , , , , , , ,