$BTC analysis for 18th April.
I'm looking at 4H and 1H chart and I'm kinda worried if I'm being honest. Why? I'll explain.
The last time BTC traded below the 61K line was in the start of March and after that we pretty much saw a rally. Which is obviously good for everyone. But, this time around, we're moving in a downward trend. And in the past few hours, BTC has been struggling to cross the 61K mark. What does this indicate? Even the #MACD isn't looking very bullish.
We also have the #bitcoinhalving approaching in 2 days. All these indicate we might see a little dip in the market. Take this info with a grain of salt. If the volume doesn't get better from here, my prediction is we might see a dip. But, I'm counting on the trade volume as that can change the trajectory of the market very soon and effectively. Let's wait and see where this takes us.
