Bitcoin (BTCThe bull continued to put pressure on April 20 as the Wall Street opening returned to $ 42,000.
$ 42,000 is a hassle
Data from Cointelegraph Markets Pro When TradingView BTC / USD reached $ 42,220 in Bitstamp, the highest since April 11th.
rear to add According to Cointelegraph contributor Michaelël van de Poppe, the pair is in line with “interesting” behaviour, by 9.3% against local lows from April 18.
“Things get interesting for $ 42,000,” he said. Said Twitter followers.
Like everyone else on the day, Van de Poppe emphasized the weakening of the US dollar as a benefit of BTC’s price performance.
Bearish divergence of the dollar $ DXYThis is a great sign of even more upward momentum #Bitcoin.. pic.twitter.com/4BGSatk6f4
—Michaëlvan de Poppe (@CryptoMichNL) April 20, 2022
Nonetheless, volatility, like everyone else, has had a significant impact on the evidence that it has returned to a significant level of $ 42,000. voiced The lack of confidence in Bitcoin’s profits continues.
But for popular trader Josh Rager, the plunge on April 18 was $ 38,600, and the subsequent recovery was a notable pattern.
“The last few fake outs have led to an uptrend of over 30%,” he said. I got it April 19th.
“Many people were surprised yesterday, but not as much as they used to. I could see Bitcoin pushed up here again next week. Take it every day.”
The attached chart highlights price performance after wicking down to support until 2022. The goal this time was about $ 48,000, the site for Bitcoin’s 200-day moving average.
U.S. stocks can’t give a post-earning impression
On the macro side, stock price fluctuations have been criticized by Rager. Insisted Its performance was hampered by emotional changes.
Abnormal movement of Netflix stock The day after the loss of revenue caused a large amount of sales, it became a hot topic.
according to On the sentiment gauge, the Fear & Greed Index, however, felt better overall on April 20th, with the index reaching its all-time April high of 50/100.
In contrast, the Crypto Fear & Greed Index Weakened In the 27/100 “Fear” zone.
The views and opinions expressed here are those of the author and do not necessarily reflect the views of Cointelegraph.com. All investment and transaction movements carry risks. When making a decision, you need to do your own research.
