The moving average is used to observe price changes. For intraday data the current price is used in place of the closing price. The Moving Average is the average price of the security or contact for the Period shown. For example, a 9-period moving average is the average of the closing prices for the past 9 periods, including the current period.The overall cryptocurrency market cap now stands at $1.16 trillion, and Bitcoin’s dominance rate is 46.1%.The Technical Analysis page contains the results of 12 common technical analytics over different periods of time. The popular meme coin Floki (FLOKI) suffered the biggest decline, with its price falling 15.5% to trade at $0.0000365, while SPACE ID (ID) fell 7.24% and PancakeSwap (CAKE) declined 6.73%. The broader altcoin market was in the red on Tuesday as a lack of engagement from traders put pressure on the majority of tokens in the top 200, with only Injective (INJ) and Mask Network (MASK) recording gains of more than five percent.ĭaily cryptocurrency market performance. y2gonXAV6D- Michaël van de Poppe April 25, 2023 Healthy correction, and as long as #Bitcoin sustains above $25,300 it's likely we'll continue this rally towards $42,000. #Bitcoin isn't looking bad on the higher timeframes. hSi6djklI6- Caleb Franzen April 25, 2023Īnd Eight Global founder Michaël van de Poppe provided a macro view of the long-term outlook for BTC, suggesting that the top crypto could soon make a run for $42,000 as long as it can hold above $25,300 in the near term.
If price can't bid here, which is certainly possible, a retest of the green S/R zone is likely. Slightly concerning that the 21 EMA is downward sloping. #Bitcoin is trying to find support in the 55-day EMA, which is a great medium-term indicator. Market analyst Caleb Franzen noted that Bitcoin is currently being supported by its 55-day exponential moving average, but warned that further weakness could result in a retest of the region below $25,000. While below the EQ i am looking for the tap of the range low as my target on my short ? /mLwYJB9qJS- Crypto Tony April 25, 2023 The lack of a notable price movement was touched on by Crypto Tony, who posted the following tweet highlighting the patience required to wait for a short order to hit his target of $26,650. Bulls have lost their slight overall near-term technical advantage and the near-term chart posture is now neutral.” “Bulls are still in some technical jeopardy,” Wyckoff said, noting that the “price uptrend on the daily bar chart has stalled out. trading” according to Kitco senior technical analyst Jim Wyckoff.
The stabilizing price of Bitcoin was reflected in the price of April Bitcoin futures, which traded “near steady in early U.S. At the close of markets, the S&P, Dow and Nasdaq were deep in the red, down 1.58%, 1.01%, and 1.98%, respectively.ĭata provided by TradingView shows that Bitcoin continues to consolidate around the $27,600 support level, with the top crypto ranging from a low of $27,275 to a high of $28,052 in trading on Tuesday.īTC/USD 4-hour chart. showed a decline from the March reading of 104 to a reading of 101.3 in April. Stocks fell under pressure from the opening bell on Tuesday as the latest data on consumer confidence in the U.S. (Kitco News) - It was a mixed day for the cryptocurrency market as Bitcoin (BTC) saw its price spike higher while the majority of altcoins recorded slight losses as crypto traders remain on the sidelines awaiting a more opportune trading environment. Receive a comprehensive recap of the day's top stories directly to your inbox. Get all the essential market news and expert opinions in one place with our daily newsletter.
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