Bitcoin $83,287.54 price Although it made a strong start to April, Trump was shaken by new tariffs announced on April 2. However, the rise attempt in the last 24 hours has increased the expectation that the market could gain momentum again. However, the harsh withdrawal of the price towards the end of the day created question marks in mind. In the current table, investors have turned their eyes to two important technical levels in Bitcoin.
Rally triggered if the resistance is exceeded
The biggest crypto currency Bitcoinhas lost 10.64 percent since the beginning of the year. In January, 109 thousand 586.27 dollars reached the highest level of all time, but the end of the month remained only 9.54 percent. In February, the economic uncertainty caused by Trump’s aggressive customs tariff plan reduced the monthly return of the largest crypto currency by 17.5 percent. In March, the decline slowed slightly and the monthly loss was recorded as 2.19 percent.
As it entered April, the market gave a slight recovery signal. 1.30 percent of the rise since the beginning of the month, while yesterday, the sudden movement attracted the attention of investors. Bitcoin tried to break both the 200 -day exponential moving average (EMA) and the falling resistance line. However, at the closing of the day, the price fell to 82 thousand 530.38 dollars and created a strong bear candle. This shows that there is no complete confidence in the market yet.
Price rise depends on 2 levels
From a technical point of view, daily BTC The 200 -day EMA level in its graph is around 85 thousand 417,58 dollars. This level is only 2.23 percent of the current price. In the same way, the falling resistance line overlaps with this level. This means that if the price of Bitcoin may rise by about 2.23 percent, both lock levels may rise.
In today’s transactions, the price has increased by 1.36 percent so far. Experts think that if the price permanently comes out of these two technical levels, it can trigger a strong rise movement. Otherwise, there is a risk of driving the current drop trend.
What should investors do in Bitcoin?
Experts say that investors can turn to Bitcoin again, especially in an economic uncertainty environment. Investors who had previously turned gold as a safe port crypto currencyIt may return to the market if it breaks these levels with volume supported. Such a return can prepare the ground for the increase in the procurement pressure in the market and the start of the rise trend.
However, not only the price movements of investors, but transaction volumenor should he pay attention. Without volume, the future may not be permanent and can create a false rise signal. Therefore, in the coming days as well as the price in the market process volume should be closely monitored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
