The BTC / USD jumped to a new high of 62,996, while the US dollar is also weakening, Bitcoin has taken advantage of this weakness and now remains above 60,000, this level on several occasions, has been a strong barrier.
Given that it is now located above the SMA of 21 and the EMA of 200 in 4-hours charts it is likely that it will continue with its bullish cycle targeting the target at 68,750, this will be the next resistance as there is 3/8 of Murray.
For now there is no sign of a technical correction as the eagle indicator is approaching the overbought zone and is still giving a bullish signal.
Our recommendation is to buy if there is a rebound in the 62,000 zone, there is the 2/8 of Murray that acts as a good support or in 60,890, the trend line is located and the SMA of 21, both levels will be a good opportunity to buys.
On the other hand, a break and consolidation below 60,200 we should target the 200 EMA around 56200.
Support And Resistance Levels For April 13 – 14, 2021
Resistance (1) $62,931
Resistance (2) $64,459
Resistance (3) $65,408
Support (1) $62,049
Support (2) $61,056
Support (3) $60,222
The material has been provided by InstaForex Company – www.instaforex.com
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