Bitcoin Dives Again to Test 54K, Ethereum Sets a New High And Wants to Break $2.8K

 2021-04-29 10:30:56

The price of Bitcoin has risen from the position of $54,930 in the morning (April 29, UTC), and reached the position of $55,191 at a high level. It failed to stabilize at the top. The price is under pressure and stepped back. The current price is running near $54,500.

 

Bitcoin’s Trying to Stand Still Above $54K

On the daily chart, Bitcoin prices are still running below the Bollinger Bands and MA-60, and the Bollinger Bands are in a state of contraction. Although the strength of the bulls in the morning was strong, prices have retreated. The current long and short situation is anxious, and the price maintains a pattern of consolidation. However, the strength of the bulls in recent days is still there. In the market outlook, it is recommended to pay attention to the resistance line $55,900, followed by $56,430. Pay attention to the 54000 support line, followed by the $53,600.

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Ethers Setting ATH

The second-largest crypto set a new all-time high above $2,700, but it did not stop and continued to the high of $2,773. Ethereum remained positive and kept gaining power. Looking forward to seeing if it can skyrocket to the coveted $2,800 mark today.

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DISCLAIMER: The analysis of cryptocurrencies in real-time should be taken for informational purposes only, and in no case should it be taken as an investment signal. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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