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Bitcoin (BTC)

Daily (BTC) Value Forecast – April 26


  • The crypto’s price is below the EMAs which indicates that price is likely to fall.
  • On the downside, if the bearish trend continues, the BTC price will fall to a low at $5,000.
  • On the upside, if the $5,200 price level is holding, the bulls will resume its bullish trend to revisit the $5,500 resistance level.

BTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $5,100, $5,000, $4, 900

Yesterday, April 25, the price of Bitcoin was in a bearish trend. The BTC price was in a bullish trend and it reached the previous high of $5,529.70 after the previous downward correction. The bulls were resisted again at the $5,500 resistance level. The crypto’s price fell to a low at $5,215.60. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

On the downside, if the bearish trend continues, the BTC price will fall to a low at $5,000 price level. On the upside, if the $5,200 price level is holding, the bulls will resume its bullish trend to revisit the $5,500 resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price was in a bearish trend. Yesterday, the crypto’s price was ranging at the $5,500 resistance level. The bears broke the 12-day EMA and the 26-day EMA after the resistance at the $5,500 price level. The price fell to the $5,200 price level and resume another bullish trend.

The BTC price is likely to break the EMAs to reach the bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.





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