April 20 article/Bitcoin does not break 58,000, and the altcoins will rebound at the end of the month
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On April 19, Bitcoin fell back to the lowest point of 59,500 due to the negative impact of the war, and then rebounded to 65,400.
Bitcoin's rebound after holding 58,000 is expected, and the 66,800 mark is also a reminder from the article of Cognition.com. Without good news, it is difficult to stabilize at 66,800 in the short term, because Bitcoin has been trading sideways between 61,000 and 73,000 for a long time. In the absence of incremental funds entering the Bitcoin spot ETF, it is unlikely to break through 66,800 by retail investors.
The consolidation time of Bitcoin is sufficient. Bitcoin will choose a direction around April 22. As long as Bitcoin holds 58,000, the market's selling force will be very limited. Pay attention to it when it falls.