Bitcoin (BTC) Price Analysis – Daily Updates On April 13 | Which Scenario For BTC?

Daily candle closing with a Doji at Demand zone shows the indecision of buyers and sellers at the support level of $39,000-$40,000 but looking at sell/buy volume the bulls are priority. For sure, let’s analyze the daily and 4h chart.

BTC close below EMA 34,89 for the downtrend. The price is still being held by the horizontal trendline. During the session, the bulls pulled the price to the highest at around $40,700, and then the sellers jumped in and pulled the price down to close at the demand zone. Both MACD and RSI are showing positive signs on the daily timeframe. Besides, if we look at Kumo we will see clouds, the forecast in 26,52 future cycles is positive, prices rise again is quite high.

Looking at the 4h frame of BTC, volume buying was quite good when the bulls kept buying. However, the price is still closing below EMA 34, 89 for a down short-term. We need to observe more and our personal price will sideway in a descending triangle end pattern before determining BTC will retrace or test next support around $38,900.

ETH Technical Analysis

ETH is running in a parallel price channel, which is trending to retest the 34,89 EMA confluence. If the successful test of ETH’s uptrend is quite high, plus BTC’s support, we will see ETH at $3,300. Besides, when ETH increase we should have a look at other altcoins. You can buy a little here.

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DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Alan

Coincu Ventures