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CRYPTONAIRE WEEKLY MAGAZINE 177TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
WEEKLY TOP TRADES, TOP PROJECTS, AND MARKET UPDATES
Bitcoin has been struggling near the $60,000 mark for the past few days, with some speculating that the top may be in place. However, Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin “has far to go before it reaches a cycle top or ”plateau.” Bloomberg April edition of “Crypto Outlook” projects a target objective of $400,000 by the end of 2021.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE THE QOINIQ ECOSYSTEM, QOINSUIT, QOINNECT, AND QOINX- QOINIQ REVIEW & AUBIT FREEWAY TOKEN NOW AVAILABLE ON BINANCE SMART CHAIN THROUGH PANCAKE SWAP
Bitcoin broke above the overhead resistance of £44,238 on April 12 and 13, but the bulls have not been able to sustain the breakout. This suggests that demand dries up at higher levels. However, the positive sign is that the bulls have not given up much ground, which shows that traders are not closing their positions in a hurry. The upsloping 20-day EMA and the RSI above 62 suggest an advantage to the bulls.
If the bulls can push and sustain the price above £44,238 for three days, the next leg of the uptrend could resume. Aggressive traders can buy on a close (UTC time) above £44,238 and keep a stop-loss below the 20-day EMA. The first target objective on the upside is £50,000. Traders can trail the stops higher as the price moves northward.
However, the short-term traders may dump their positions if the bulls fail to sustain the price above £44,238. That may also encourage the aggressive bears to initiate short positions. If that happens, the BTC/GBP pair could drop to the 50-day SMA.
A break below this support could start a deeper correction that could reach £36,777 and then £31,005.
Featuring in this weeks Edition:
- DeFi Bids
- BitcoinVend
- Statera
- Cberry
- QoinIQ
- Atani
- Aubit
Read More
CRYPTO TRADE OPPORTUNITIES
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The Simpsons Reports Bitcoin Price at Infinity; This Week’s Catalyst to ‘Blow People’s Minds’
THE QOINIQ ECOSYSTEM, QOINSUIT, QOINNECT, AND QOINX- QOINIQ REVIEW
AUBIT FREEWAY TOKEN NOW AVAILABLE ON BINANCE SMART CHAIN THROUGH PANCAKE SWAP
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