Bitcoin, BTT, Dogecoin Price Movement Analysis for 7th April, 2021

Spread the love

Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to break below its descending triangle, while Dogecoin needed to defend the $0.055-support over the coming sessions.

Bitcoin [BTC]

Though the king coin has been bearish in the last 24 hours, bulls are likely to keep the market above the $55,800 support mark. This degree also coincided with the 200-SMA (green), and an increase in trading rates played against the risk of a breakdown in the coming sessions. A new research indicated that a correction was unlikely this time because the stock was gathering momentum before breaking through $60,000.

This did not, however, imply that a breakout would occur automatically. Indeed, the OBV has been trending lower over the last two weeks, indicating that some selling has occurred in the BTC industry. Meanwhile, the MACD line fell below the half-way point after a bearish convergence. If the price does fall, another level of funding is available at $53,466.

BitTorrent [BTT]

Source: BTT/USD, TradingView

BitTorrent Token shaped a falling triangle after a sequence of lower highs on the 4-hour timeline. A break from this trend would almost certainly pull BTT below its $0.0068-support level.

RECOMMENDED READ:  How Dogecoin has shown us that memes can move markets

The RSI jumped south from the overbought zone, but then settled at 47. Although the MACD line was below the half-line, the histogram indicated that momentum was weakening. Nonetheless, the bulls faced an uphill battle defending the bottom trendline, particularly given that trading volumes had dropped by 40% at the time of writing.

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

Dogecoin has developed higher highs and lower lows on the 4-hour timeframe since the wider market pullback in late February, and the price has trended higher. DOGE has nearly developed two similar twin peaks in the last week, with a single candlewick breaching north of $0.067 resistance. DOGE could enter bearish territory if it falls below $0.055.

The MACD indicated a bearish crossover, and the press-time help was on the verge of being a line of resistance. Meanwhile, the Chaikin Money Flow indicator stood above the half-line, indicating significant capital inflows into cryptocurrencies.


 356 Interactions,  10 today

Ethereum, Dogecoin, Waves Price Movement Analysis for 10th April, 2021

Ethereum was once again approaching the $2150 band, which could be flipped to help in the coming hours. Waves retraced Read more

Binance Coin, Ethereum Classic, Dogecoin Price Movement Analysis for 9th April, 2021

Though Bitcoin, the world's largest cryptocurrency, climbed up the charts in the first few days of April, the last few Read more

DigiByte, Dogecoin, XRP Price Movement Analysis for 5th April, 2021

DigiByte experienced a bearish divergence when it crossed the $0.09 threshold. Dogecoin's price remained stable between $0.059 and $0.055. XRP Read more

Binance Coin, Dogecoin, SushiSwap Price Movement Analysis for 4th April, 2021

Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more

Dogecoin, Ethereum, Synthetix Price Movement Analysis for 3rd April, 2021

Dogecoin spiked in response to an Elon Musk tweet before plummeting. Ethereum surpassed its previous high, and the rising ETH/BTC Read more

Bitcoin SV, Dogecoin,Waves Price Movement Analysis for 1st April, 2021

Bitcoin SV attempted to smash through the $218 resistance barrier once more, with the same noting buyer interest on its Read more

Dogecoin price increased by 10% following Elon Musk’s recent Tweet.

As Tesla CEO Elon Musk added Bitcoin to his Twitter profile, the crypto asset's value skyrocketed. Today, Musk reaffirmed his Read more

Bitcoin Cash,  Dogecoin, Waves Price Movement Analysis for 29th March, 2021

Bitcoin Cash fell dramatically below $514 before recovering to climb back over $500, while Dogecoin bounced off $0.0495 and made Read more

Dogecoin, Ethereum, XRP Price Movement Analysis for 28th March, 2021

Buyers jumped in at $0.049 for Dogecoin, which could be moving up towards $0.062. Ethereum has rebounded quickly from the Read more

Prominent traders pick these six altcoins as poised to make massive moves.

A well-known analyst and investor, whose reputation has risen as a result of his successful altcoin estimates, has disclosed a Read more

Leave a Reply

Contact Us