Main navigation

Bitcoin (BTC) Price Analysis for April 21

Fri, 04/21/2023 - 18:00
article image
Denys Serhiichuk
Have sellers seized initiative yet?
Bitcoin (BTC) Price Analysis for April 21
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Bears are more powerful than bulls today as the rates of coins keep falling.

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) has declined by 2.11% over the last 24 hours.

BTC/USD chart by TradingView

The rate of Bitcoin (BTC) is trading in the middle of the local channel, between the support at $27,828 and the resistance at $28,332. There are low chances of seeing any sharp moves by the end of day, as the coin has passed most of its ATR.

BTC/USD chart by TradingView

On the daily chart, the rate of Bitcoin (BTC) has bounced off the support level at $27,828. At the moment, traders should pay attention to the bar closure.

Cardano (ADA) Price Analysis for April 20

If sellers' pressure continues, the energy may be enough for the breakout, followed by a blast to the $27,000-$27,500 area.

ETH/USD chart byTradingView

On the weekly chart, one should pay attention to the candle closure. If the bar closes below yesterday's low at $28,184, the decline may continue to the support level at $26,688. Such a scenario is relevant until mid-May.

Bitcoin is trading at $28,075 at press time.

article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at