BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
After breaking out from the $61,500 resistance area on April 13, BTC proceeded to reach a new all-time high price of $64,854 on April 14.
However, it dropped to a low of $61,301 the same day. This validated the $61,500 area as support and created a low longer wick. The price has been moving upwards since.
Technical indicators are bullish, supporting the continuation of the upward movement. Both the RSI and Stochastic Oscillator are increasing. Furthermore, the MACD is very close to turning positive. These are all common signs of a bullish trend.
The next resistance area will likely be found at $68,724.
The cryptocurrency top-10 hasn’t changed much in the past 24 hours.
However, Cardano (ADA) reclaimed the #5 spot after hitting a new all-time high and Chainlink (LINK) was able to kick Dogecoin (DOGE) out of the top-10. DOGE moved in the top-10 yesterday after reaching a new all-time high, but has since corrected.
SwissBorg (CHSB) is today’s biggest altcoin gainer. It’s pumped nearly 24% in the past 24 hours in a move to the $1.17 price point. Surprisingly, not many cryptocurrencies are in the red today. Celcius (CEL) is the biggest loser but it’s only down 5.7% in the past day. It’s currently trading hands for $6.91.
In other crypto news
- After launching on the Ropsten testnet on March 10, the Berlin fork has been activated on the Ethereum mainnet.
- CoinGecko’s Q1 2021 report offers several insights into the market from this past quarter. The review includes details on Binance Coin’s (BNB) dominance and DeFi’s continued growth.
- The hackers behind the 2016 Bitfinex hack have moved over $750 million in stolen BTC. Market analysts believe the bad actors are trying to either cash out at a top or spook the market’s short position takers.