Bitcoin Price Recovering - Next Pump Expected Towards $58k.

Bitcoin Price Recovering - Next Pump Expected Towards $58k.

2021-04-30 | Big Bob

Bitcoin Price Recovering - Next Pump Expected Towards $58k.

The price of the leading cryptocurrency, Bitcoin [BTC] has fully recovered from Thursday’s price drop of just over 5%. The crypto asset was trading around $54k at the time of reporting after holding support at around $52k. The short-term trend is improving, although there's strong resistance around $56k and $58k that would limit upside into the weekend. The RSI [Relative Strength Index] on the hourly chart isn't yet overbought, which might keep purchasers active short-term. Bitcoin will get to reveal a decisive break above $56k to continue the long-term uptrend. So far, oversold signals from the 25th April low of around $47k weren't enough to push BTC over the 50-day moving average. Bitcoin Price Recovering - Next Pump Expected Towards $58k. BTC is down about 7% month-to-date and is on target for its primary monthly loss this year, also its worst month since September.

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