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Bitcoin Technical Analysis + BCH, LTC, ETH and XRP – Blocksats

As every Tuesday, we have another expert for you technical analysis cryptocurrency prepared by Chartław of Coinquista Labs. What awaits course Bitcoin. Ethereum. Bitcoin Cash, litecoin and XRP in the near future? Below you’ll find the course analysis BTC, and on the official Coinquista blog you can read the analysis of the others digital assets: ETH, BCH, LTC and XRP.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-28-04-2020/

Bitcoin getting ready to jump?

Looking at the quotations of the oldest of virtual currencies, we will notice that after unusually dynamic declines from the second half of February this year. and the first half of March this year, the BTC price rebounded from technical support around USD 4,200 and from March 13 this year. moves in a quiet upward trend.

Comparing the current movement to the previous one, one can easily conclude that this is only a kind of form correction upward trend after a previous downward impulse. This means that even though the BTC price has increased by over 100%, there is still a high probability that we will have another sale in the near future.

According to my projection last week, the BTC price has risen to around USD 7,800 in recent days. For now, however, there has been no major supply response signaling the potential rejection of this zone.

Therefore, if this resistance were permanently overcome, the quotations of the oldest virtual currency could rise to around USD 8,250, or even to USD 9,150. It is also worth noting that the lack of a strong supply response could lead to the implementation of a similar scenario as we observed from December 2018 to the beginning of April 2019, when the BTC price also rose relatively quietly to at some point “shoot out” and overcome extremely significant resistance in the amount of USD 4,200, which resulted in a much larger appreciation.

Analysis prepared by Chartław of Coinquista Labs.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-28-04-2020/

We remind you that on the Coinquist crypto exchange market for 90 days from registration, all users can trade without commission! How to register on the stock exchange, you will learn from this article: Coinquista Registration.

About Graphław:
His name comes from the words: Chart- (from “stock charts”), and -fame (from “fame”), which is the one who praises stock charts. He gives away history traders expert analyzes of company stock prices, fiat currencies and cryptocurrencies. Traders from four parts of the world come to him for advice of the highest importance: Buy? Sell? Should you breed? It was not easy, but the Coinquista Labs team, somehow managed to convince him to share his professional analysis with Blocksats readers. Let his charts look after you!

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