22 Apr Cryptocurrency News Roundup for April 21, 2020
Bitcoin
BUY NOW was forced to retreat from the low-$7,000s on Tuesday following an unprecedented fall in crude oil prices. This was expected, though, considering a sharp drop in oil prices almost always has repercussions for most other major asset classes.
A retreat to the high-$6,000s followed the bullish momentum that was last week as Bitcoin transcended one resistance after another in an attempt to march towards $8,000 in a pre-halving rally.
However, the bulls were unable to build on that momentum and the price was stonewalled near $7,300. More on that and other important news in our cryptocurrency news roundup for April 21.
Bitcoin Analysis for April 21, 2020
The BTC price decreased considerably on April 20, falling back within its trading range. The price is expected to decrease towards the support of the range and possibly break down.
- The Bitcoin price has fallen back within its previous trading range.
- A death cross in the hourly time-frame will soon…