RATE Group | BTC/USD Fights To Close The Week Above $7,000?
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BTC/USD Fights To Close The Week Above $7,000?

20 Apr BTC/USD Fights To Close The Week Above $7,000?

Posted at 00:24h in Bitcoin News by

Bitcoin (BTC) Price Prediction – April 19

The Bitcoin price retreats from highs close to $7,300 but the bulls still contain the price above $7,000.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $8,300, $8,500 $8,700

Support Levels: $6,000, $5,800, $5,600

BTCUSD – Daily Chart

BTC/USD is fighting tooth and nail to close the week above $7,000 as it heads closer to its block reward. The daily chart shows that the volatility in the market has been increasing over the last few days especially after the Bitcoin price corrected upwards from the support of around $6,400. At the time of writing, Bitcoin price is trading $7,155 after shedding 1.46% of its value on the day.

However, Bitcoin just plunged below $7,200 one more time, marking $7,031 as the current daily low at the moment. What does it mean? Is Bitcoin finally leaving the significant $7,000 support level and searching for new lows? In other words, by looking at the declining daily volume candles,…

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