Bitcoin: Little risk to the downside
Just a few percent below the current price is the 200 weekly average (green). The 111 MA also rises steeply and will provide additional support.
Possibly, the end of April and May will still be quite quiet with slightly falling or sideways running prices.
This calms the emotions in the market and provides fuel for further rising prices.
The Bitcoin SOPR continues to hover above 1. The value of 1 serves as support, which suggests a continued uptrend.
Possibly, the end of April and May will still be quite quiet with slightly falling or sideways running prices.
This calms the emotions in the market and provides fuel for further rising prices.
The Bitcoin SOPR continues to hover above 1. The value of 1 serves as support, which suggests a continued uptrend.
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