• The Bitcoin price is meeting weekly resistance at $7800. The weekly RSI has reached the 50-line from below.
  • BTC is likely nearing the top of the fourth wave of a five-wave Elliott formation.
  • The first and foremost cryptocurrency is possibly trading inside of a short-term ascending and broadening wedge.
During the week of April 20-27, the Bitcoin (BTC) price increased considerably — going from a low of $6751 to a high of $7738. This was the sixth bullish weekly candlestick in a row. This is the largest number of successive bullish weekly candlesticks since April and May 2019, when the Bitcoin price created seven successive bullish candlesticks before following them up with a bearish
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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