Bitcoin / US Dollar
Over the last few days, the Bitcoin bulls have maintained a momentum that sees the Bitcoin market head towards its 50-day moving average of $42,122 per coin. Nevertheless, the Bitcoin market is yet to break into a bullish trend.
The 19th of April sees substantial bullish momentum after flipping an initial bearish start to the market, resulting in a 1.72% rise in the Bitcoin price, bringing its value to $41,503 per coin, with the highest and lowest BTC trading prices standing at $41,772 and $40,571 per coin.
At the start of the 20th of April, we see continued bullish action, resulting in a 0.19% increase in the Bitcoin price, translating to $41,580 per coin, with the highest and lowest trading prices seen standing at $41,644 and $41,233, respectively.
Indicators
With the sustained bullish activity over the last few days, the Bitcoin RSI is seen moving towards the 50 mark; however, with its value still below 50, the bears still dominate.
Due to the bullish activity on the 19th and 20th of April, the RSI increased on these days to 47.48 and 47.77.
The MACD and histogram remain below the zero line, indicating bearish control of the market momentum and a negative outlook for the asset.
Buy and sell BTC on Remitano
Ethereum / US Dollar
On the 19th of April, the bulls started a momentum after flipping an initial bearish action, pushing the ETH market further above its 50-day moving average of $3,001. With the above, the bulls influenced a 1.51% rise in the ETH price, bringing the price of each coin to $3,102. On the 20th of April, the bulls continued their previous momentum with a slight market lead, resulting in a 0.06% rise in the ETH price, translating to $3,103 per coin, with the highest and lowest price points being $3,117 and $3,063.
Indicators
The RSI rests just below the 50 mark, indicating a slight bearish dominance of the market momentum.
On the 19th and 20th of April, the bullish activity resulted in a rise of the RSI to 49.60 and 49.65
The MACD and histogram remain slightly below the zero line, indicating residual bearish dominance of the market momentum.
Buy and sell ETH on Remitano
Ripple / US Dollar
On the 19th of April, the bulls continued their previous momentum to get the Ripple market back above its 50-day moving average of $0.785 after flipping an initial bearish start to the day, as indicated by the wick below the candle. With the continued bullish dominance of the day, the XRP market rose by 0.65%, bringing the assets price to $0.775 per coin. On the 20th of April, bearish action resulted in a 1.54% drop in the XRP price, translating to $0.763 per coin, with the highest and lowest price points standing at $0.775 and $0.760.
Indicators
On the 19th of April, the bullish action resulted in a rise of the RSI to 49. With the bearish action on the 20th of April, the RSI has fallen to 47. With the RSI below the 50 mark, the XRP market remains under bearish dominance.
The MACD remains in the bearish territory (below the zero line), indicating bearish dominance of the market. However, the histogram shows growing bullish activity in the market, signifying the bulls' increased entry into the market.
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Litecoin / US Dollar
The bulls initiated a move on the 19th of April, taking the Litecoin market slightly above its 50-day moving average of $113.80 per coin, from which the bears rejected it. With this move, the Litecoin market increased by 2.31%, bringing the Litecoin price to $113.81 per coin.
On the 20th of April, the bearish action saw the Litecoin market fall by 0.31%, bringing the LTC price to $113.46 per coin, with the highest and lowest price points at $113 and $112, respectively.
Indicators
The relative strength index stands slightly below the 50 mark, indicating a slight dominance of the bears over the market.
On the 19th and 20th of April, volatile price action resulted in the RSI fluctuating between 49.69 and 49.31, respectively.
The MACD remains below the zero line, maintaining the negative outlook for the market. In contrast to the MACD, the histogram shows a budding bullish action in the market.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
On the 19th of April, the bulls initiated a momentum that saw the Bitcoin Cash market rise by a heavily opposed 0.04%, bringing the asset's price to $340 per coin. The wick below the candle indicates an early bearish start flipped by the bulls. On the 20th of April, the bulls continued their previous momentum, resulting in a 0.54% rise in the market, placing the Bitcoin Cash price at $342 per coin. The wick above and below the candle denote the highest and lowest price points seen, corresponding to $343 and $334.
Indicators
The bullish action on the 19th and 20th of April resulted in a rise of the relative strength index to 50.97 and 51.69. With the RSI above 50, the market comes under bullish dominance.
The MACD portrays a market in a bearish grasp as it stands below the zero line, creating a negative outlook for the market. At the same time, the histogram shows an emerging bullish activity in the market.
Buy and sell BCH on Remitano
Cardano / US Dollar
On the 19th of April, the bulls started a momentum, resulting in a 1.68% rise in the market, bringing the ADA price to $0.952 per coin. On the 20th of April, we see the bulls initiating a momentum resulting in the ADA price rising by 1.25%, bringing its price to $0.964 per coin. With the market still far from its close, the above value is likely to change. Nevertheless, as of the writing of this piece, the highest and lowest ADA prices stand at $0.965 and $0.937, respectively.
Indicators
On the 19th of April, bullish price action saw the relative strength index rise to 44.17, and with the continued bullish momentum on the 20th of April, we saw the RSI rise to 45.65.
The MACD and Histogram show a bearish dominance, while the recent bullish action reflects a reduction in the bearish activity in the market.
Swap to ADA
Dogecoin / US Dollar
The bulls initiated momentum on the 19th of April, resulting in a 1.71% rise in the Dogecoin price, translating to $0.142 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.144 and $0.139, respectively.
At the start of the 20th of April, we see continued bullish action, resulting in a 2.31% rise in the Dogecoin price, bringing its price to $0.145 per coin, with the highest and lowest trading prices standing at $0.146 and $0.140, respectively.
indicators
On the 19th and 20th of April, the bullish action resulted in the RSI standing at 51 and 54, depicting an increase in the bullish activity in the market, maintaining the RSI above the 50 mark and in bullish control.
The MACD stands above the zero line, indicating bullish dominance. However, we see the histogram in the bearish territory due to previous bearish action.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.88
- Bitcoin / Ripple = 0.84
- Bitcoin / Litecoin = 0.78
- Bitcoin / Bitcoin cash = 0.80
- Bitcoin / Cardano = 0.85
- Bitcoin / Dogecoin = 0.64
Keynotes for today
- Bitcoin at $41,580 per coin.
- Ethereum at $3,103 per coin.
- Ripple at $0.763 per coin.
- Litecoin at $113 per coin.
- Bitcoin Cash at $342 per coin.
- Cardano at $0.964 per coin.
- Dogecoin at $0.145 per coin.
