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.
Bitcoin (BTC) keeps going down, falling by 1% since yesterday. According to Coinpaprika, the current price is $43,718.
BTC/USD
Bitcoin (BTC) could not come back to the bullish zone, going down the second day in a row.
On the local time frame, Bitcoin (BTC) has made a false breakout of the resistance at $43,855 against the high selling trading volume. At the moment, the price is located near its low level at $43,100. If the bears' pressure continues, one may expect its breakout and further dump to $43,000 soon.
Bitcoin (BTC) has almost touched the blue support level at $42,591. The selling volume is going up, which means that bears might keep the pressure. In this case, if the daily candle fixes below the aforementioned mark, there is a chance to see a sharp drop to the zone around $42,500-$42,000 by mid-April.
Bitcoin (BTC) could not keep the growth after a breakout of the $44,766 level. Currently, the price is trading below it, which means that bears again control the initiative in the long-term case.
All in all, one can expect the sideways trading in a wide range between $40,000 and $44,000 within the next few weeks.
Bitcoin is trading at $43,185 at press time.
Arman Shirinyan
Alex Dovbnya
