Bitcoin (BTC) Price Rallies Above $40K After Recent Downfall - BitcoinEthereumNews.com
$43,000 might be the local high, but the outlook is gloomy moving ahead. Bitcoin เพิ่มขึ้น 1.88% ในช่วง 24 ชั่วโมงที่ผ่านมา According to a new analysis published on April 18, Bitcoin (BTC) is due for a relief bounce, but it still faces a collapse to $30,000 before May. On April 18, data showed BTC/USD hanging around $40,000 as pessimistic forecasts for the pair grew. Due to the Easter holiday, Bitcoin suffered low liquidity after losing $40,000 support overnight into April 18. This was due to the lack of US and European stocks trade. BTC/USDT: ที่มา: TradingView According to prominent trader Crypto Ed, a near-term drop should bottom out at $37,500 before a comeback starts. “First need to reclaim $40,000; if we manage that, itll certainly give a bullish impulse to the market,” he said in his most recent YouTube post. Bullish Divergence Spotted If that happens, $43,000 might be the local high, but the outlook is gloomy moving ahead. Crypto Ed forecasted a recurrence of previous negative swings intermingled with a brief respite rebound using Elliott Wave analysis. He concluded that the goal was $30,000. On the contrary, another crypto analyst Crypto Rover tweeted about finding a bullish divergence representing a considerable buy signal. On Monday, Bitcoin was down