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!

#BTCUpdate