Bitcoin (BTC) Price Prediction for April 21✅
Bulls or bears are dominating as we head into the weekend. Here's a breakdown of what's happening with BTC/USD:
🔹 Price Action
Bitcoin has seen a slight 1% drop since yesterday.
🔹 Hourly Analysis
BTC is currently navigating within a narrow channel, with support at $63,458 and resistance at $65,000.
🔹 Volatility Outlook
With most of the daily Average True Range (ATR) already traversed, significant moves are unlikely before the day ends.
🔹 Key Levels
Traders are eyeing $65,650 for a potential upward momentum. However, a sustained move above this level is necessary for further upside. Otherwise, a correction towards the $63,000 zone could be expected.
🔹 Midterm Perspective
BTC is comfortably distant from support and resistance levels. If the weekly bar closes around current prices, sideways trading between $62,000-$66,000 seems probable for the next week.
💡 Conclusion: Bitcoin is currently trading at $63,790, suggesting a cautiously neutral stance among traders. Stay tuned for updates as the weekend progresses!
