Bitcoin at key point with BTC price at $28.8K — Bollinger Bands creator
Decision time for Bitcoin as an ongoing correction changes the nature of the $30,000 breakout. Bitcoin (BTC) fell below $29,000 into April 20 as bulls faced a battle for ground reclaimed in March. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Will $30,000 become Bitcoin's latest "Bart Simpson"? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,800 on Bitstamp. Earlier wicks below $28,600 were quickly bought up, but Bitcoin still threatened to flip $29,000 to resistance on the day, as traders eyed a crucial support zone. $BTC / $USD - Update On support now, so I am scalping a long while we remain above the lows at $28,550 on a 4 hour closure Will see how this plays out today pic.twitter.com/qsjmVn2kb9 — Crypto Tony (@CryptoTony__) April 20, 2023 “Whilst the Bitcoin market is correcting, we still have the average transactor taking profits,” Checkmate, lead on-chain analyst at Glassnode, wrote in part of Twitter analysis. “To...