Bitcoin price is expected to continue rising to $ 8,000!

Summary:

- Bitcoin is still maintaining a positive upside after successfully breaking above the $ 7,000 barrier.

- The selling failed to push prices below the support zone of $ 6,750- $ 6,800.

- Price has successfully broken out of the downtrend line with resistance near $ 7,035 on the 1-hour chart (feed from Kraken).

- Bitcoin is likely to accelerate to $ 8,000 if it breaks out of the $ 7,581 resistance area.

After several days of hanging around $ 6,800 — $ 7,000, the price of Bitcoin over the past few hours has risen to $ 7,150. However, the bitcoin bulls are still far from the important resistance of $ 7,500, which many investors consider to be a decisive factor in the short-term recovery of the currency.

📊 Market overview 📊

Perhaps the bulls need more time to strengthen Bitcoin’s rise above the area of ​​$ 7,300 — $ 7,500. Today’s bitcoin price (April 23) recorded at 9:00 at $ 7,169, up 4.54% from the previous 24 hours. Bitcoin market capitalization recorded at $ 130.70 billion, the market dominance rate. …

Cryptocurrencies are recovering with green signals covering the market. Recently, the Industrial and Commercial Bank of China (ICBC) has just published the banking Blockchain whitepaper. This shows the importance of Blockchain technology in the financial system.

⚠️ Market overview ⚠️

April 21 has brought a new milestone to Bitcoin’s price. It is worth more than 7000 barrels of oil, significantly more than at any other time in history. However, this is not due to the increase in the price of cryptocurrencies but the complete collapse of oil prices — but at one time, fell 99.99% on the day.

Today’s bitcoin price (April 20) is trading at $ 6,960, up 0.75% from the previous 24 hours. The market capitalization of bitcoin remained low at 127.64 billion USD, the market dominance rate (market share) of bitcoin remained at 63.5%. …

Bitcoin’s dominance rate has dropped over the past 229 days. Initially, this caused many altcoins to spike, and many thought that the altcoin season was coming. However, the rise of altcoins has ended since February and has never returned to the highs they achieved during the altcoin season in 2017.

⚠️ Market overview ⚠️

In the past few hours, the price of Bitcoin has dropped by $ 7,000, causing the market to decline sharply. In the past 24 hours with many adjustments, the lowest bitcoin price recorded at $ 6,843 and the highest was $ 7,215. Today’s bitcoin price (April 20) is trading at $ 6,911, down 4.08% from the previous 24 hours. The market capitalization of bitcoin remains low at 126.73 …

The crypto market is moving sideways in the past few days and Bitcoin has proven to have bottomed out last month through price charts.

⚠️ Market overview ⚠️

In the past few hours, the price of Bitcoin has hovered around $ 7,000 with no significant fluctuations, and the entire altcoin market is in a similar situation. In the past 24 hours with many adjustments, the lowest bitcoin price recorded at $ 7,167 and the highest was $ 7,241. Today’s bitcoin price (April 20) is trading at $ 7,195, down 0.32% from the previous 24 hours. Bitcoin market capitalization remains low at $ 131.92 …

Bitcoin has not yet to establish a new uptrend despite successfully breaking the $ 7k barrier. Let’s join our Telegram group to see at which level Bitcoin will break out of the downtrend and start to recover.

Summary:

• Bitcoin is moving quite carefully after successfully breaking out of the $ 7,000 barrier.
• The Bitcoin price has not broken out of the main downtrend line formed with resistance around the $ 7,128 area (data from Kraken).
• Bitcoin is not likely to be out of the downtrend and it may even correct to fall back to the $ 6,200 or $ 6,000 zone if the buying momentum weakens.

The cryptocurrency market in general and Bitcoin, in particular, have had the first 2 weeks of April when the red signals in succession.

⚠️ Market overview ⚠️

In the past few hours, the price of Bitcoin started to move down when it could not maintain the threshold of 6,900 USD, similar to bitcoin, altcoins also simultaneously turned down. In the past 24 hours with many adjustments, the lowest bitcoin price recorded at 6,486 USD and the highest was $ 6,942. Today’s bitcoin price (April 16) recorded at 8:45 at $ 6,631, down 4.20% from the previous 24 hours. Bitcoin’s market capitalization remains low at $ 120.45 …

After a sharp decline in March, the Bitcoin price slowed down to fluctuate in a narrow range and a continuous downtrend occurred. In recent hours, although the Bitcoin price has shown a slight recovery, the movements of this currency have not been very favorable.

💠 Market overview 💠

In the past 24 hours, the price of bitcoin recorded the highest at $ 6,991 and the lowest at $ 6,772. Today’s bitcoin price (April 15) recorded at 9:30 at $ 6,883, up 0.18% from the previous 24 hours. The market capitalization of bitcoin remains low at $ 125.78 …