Tuesday, April 23, 2024
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Bitcoin price crawls 2.5% off lows as weekly chart risks ‘bearish engulfing’

Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$26,600 becomes popular BTC price targetData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing.Up around 2.5% from

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Top Technical Analyst Claims Latest Bitcoin Engulfing Candle Isn’t Bullish

Last night’s Bitcoin monthly April candle closed as a bullish engulfing, often considered a reversal candle by traders and analysts.Bulls must beware, however, as one of the most respected top technical analysts recommends not trading this setup when the primary trend is down, as more often than not it leads

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