Over the weekend, the Bitcoin market experienced bearish action superseding bullish action. However, the bulls remain in control of the market. The 2nd of April sees bearish momentum resulting in a 1.02% drop in the Bitcoin price, bringing its value to $45,826 per coin.
Following the bearish action of the previous day, we see the bulls influence a 1.30% gain in the market, offsetting the loss of the previous day and bringing the Bitcoin price to $46,422 per coin.
At the start of the 4th of April, we see bearish action, resulting in a 0.52% decrease in the Bitcoin price, translating to $46,181 per coin, with the highest and lowest trading prices seen standing at $46,476 and $45,760, respectively.
The Bitcoin RSI remains above the 50 mark, a postive outlook, with the RSI on the 2nd, 3rd, and 4th of April standing at 60, 61, and 60, respectively. The histogram and MACD show bullish dominance of the momentum as they stand above the zero line, creating a positive outlook for the asset.
On the 2nd of April, the bears started a momentum after flipping an initial bullish start to the market indicated by the wick above the candle. With the above, the bears influenced a 0.32% drop in the ETH price, bringing the price of each coin to $3,445. On the 3rd of April, significant bullish action caused a 2.25% rise in the ETH price, translating to $3,522 per coin.
At the start of the 4th of April, the bears are seen with the early lead, resulting in a 0.77% drop in the ETH price, translating to $3,495 per coin.
The relative strength index of the ETH market remains within the bullish territory as the RSI stands above the 50 mark.
On the 2nd, 3rd, and 4th of April, the price volatility in the market resulted in the relative strength index standing at 69, 71, and 69, respectively.
The histogram and MACD are placed above the zero line, indicating bullish dominance of the market momentum.
On the 2nd of April, the bears flipped an initial bullish market as indicated by the wick above the candle, and With the continued bearish dominance of the day, the XRP market fell by 0.41%, bringing the assets price to $0.824 per coin. On the 3rd of April, sustained bullish action resulted in a 2.24% growth in the XRP price, translating to $0.842 per coin.
At the start of the 4th of April, the bears are seen initiating momentum, resulting in a 1.47% drop in the Ripple market, bringing the price of each asset to $0.830 per coin. With the market still in its early hours, more volatility is expected in the day.
On the 2nd of April, the bearish action resulted in a fall of the RSI to 52.58. With the bullish action on the 3rd of April, the RSI is 56. At the start of the 4th of April, we see a fall in the relative strength index to 53, reflecting increasing bearish activity in the market.
The histogram remains in a bearish territory (below the zero line), while the MACD remains positive as it's above the zero line.
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The bulls gained a minute hold on the market on the 2nd of April, resulting in a 0.02% gain, bringing the LTC price to $124 per coin.
On the 3rd of April, continued bullish action saw the Litecoin market rise by 3.10%, translating to $128 per coin. On the 4th of April, the LTC market sees bearish activity, placing the market 2.24% lower, translating to $125 per coin, with the highest and lowest price points at $128 and $125, respectively.
The relative strength index chart shows that the LTC market remains bullish as the value stands above the 50 mark.
On the 2nd and 3rd of April, the bullish action resulted in a rise of the RSI to 56 and 60, respectively. In contrast, the bearish start on the 4th of April has resulted in a fall of the RSI to 56.
The histogram and MACD portray a market in bullish grasp as they stand above the zero line, creating a positive outlook for the market.
On the 2nd of April, the bears initiated a momentum that saw the Bitcoin Cash market fall by 1.29%, bringing the asset's price to $372 per coin. The wick below the candle indicates a bullish attempt to reduce the day's loss. On the 3rd of April, we see the bulls respond to the bearish action, resulting in a 1.69% rise in the market, placing the Bitcoin Cash price at $378 per coin. The wick above and below the candle denote the highest and lowest price points seen, corresponding to $381 and $368.
At the start of the 4th of April, we see bearish action, resulting in a 1.10% drop in the Bitcoin Cash price to $374 per coin.
The Bitcoin Cash market remains well above its 50-day moving average of $324, reflecting bullish market control.
The bearish action on the 2nd of April resulted in a fall of the relative strength index to 61.80, and the bullish activity on the 3rd of April resulted in the rise of the RSI to 63.82. The bearish action on the 4th of April resulted in a fall of the relative strength index to 61.58.
The histogram and MACD portray a market in bullish grasp as they stand above the zero line, creating a positive outlook for the market.
On the 2nd of April, the bears interrupted the bullish momentum, resulting in a 0.79% drop in the market, bringing the ADA price to $1.156 per coin. On the 3rd of April, significant bullish action saw the ADA price rise by 2.62%, bringing its price to $1.186 per coin.
At the start of the 4th of April, the bulls continued their momentum from the previous day, resulting in a 2.12% rise, translating to $1.211 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 $1.232 and $1.161, respectively.
On the 2nd, 3rd, and 4th of April, significant price action sees the relative strength index fluctuate, corresponding to 64, 67, and 68, depicting growing bullish activity in the market. Sustained bullish action could see the ADA market enter the overbought scenario if its RSI gets above the 70 mark.
The histogram and MACD are placed above the zero line, indicating bullish dominance of the market momentum.
On the 2nd of April, the bears initiated a momentum, resulting in a 1.84% drop in the Dogecoin price, translating to $0.138 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.144 and $0.138, respectively.
With significant bullish action on the 3rd of April, the Dogecoin market increased by 5.62, translating to $0.146 per coin.
At the start of the 4th of April, we see the bearish action, resulting in a 1.91% drop in the Dogecoin price, bringing its price to $0.143 per coin, with the highest and lowest trading prices standing at $0.146 and $0.142, respectively.
On the 2nd, 3rd, and 4th of April, the RSI stands at 56, 62, and 59, depicting growing bullish activity but a bearish pushback.
The MACD and histogram stand well above the zero line, indicating bullish dominance.
