Bitcoin / US Dollar
The Bitcoin price remains below its 50-day moving average of $42,000, signifying a market in control by the bears.
With the above move, the Bitcoin market experienced bullish action on the 28th of April, resulting in a 1.25% rise in the BTC price, translating to $39,743 per coin. While the highest and lowest BTC price recorded on the day stands at $40,400 and $38,883.
At the start of the 29th of April, we see bearish momentum, resulting in a 1.96% drop in the Bitcoin price, translating to $38,963 per coin, with the highest and lowest trading prices seen standing at $39,926 and $38,613, respectively.
Indicators
The Bitcoin relative strength index remains below the 50 mark at 44 and 41 on the 28th and 29th of April. With the above, the Bitcoin market remains in bearish territory.
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
The ETH market experienced bullish action on the 28th of April, resulting in the market rising by 1.60%, translating to $2,935 per coin, reflecting a bullish attempt at getting the ETH market towards its 50-day moving average of $3,046.
On the 29th of April, the bears are seen initiating a response to bring the ETH farther away from its 50-day moving average, resulting in a 2.90% drop in the ETH price, translating to $2,850 per coin, with the highest and lowest price points being $2,946 and $2,831.
Indicators
With the relative strength index of the Ethereum market being still below the 50 mark, the bears remain in control of the market momentum.
On the 28th of April, the bullish action resulted in a rise of the RSI to 45.13, while the bearish action on the 29th of April resulted in an RSI of 41.35.
The MACD and histogram remain below the zero line, indicating bearish dominance of the market momentum.
Buy and sell ETH on Remitano
Ripple / US Dollar
The above chart shows the Ripple market in firm control of the bears over the last few days, maintaining the market below its 50-day moving average of $0.774 per coin and in a downtrend. With the above statement, the bearish dominance over the Ripple market continued on the 28th of April, resulting in a 1.38% drop in the Ripple price, bringing the XRP price to $0.642 per coin. On the 29th of April, the bearish action continued, resulting in the market dropping by 3.22%, corresponding to a price tag of $0.622 per coin, with the highest and lowest prices being $0.646 and $0.612 per coin.
Indicators
With the bears being the dominant force in the Ripple market, the relative strength index stands below 50. We see a reflection on the RSI values on the 28th and 29th of April as 31 and 28, placing the market in the oversold region.
In correlation to the RSI, the histogram and MACD indicate a growing bearish hold of the market. Both indicators stand below the zero line, indicating a negative outlook for the asset.
[Buy and sell XRP on Remitano](https://remitano.com/xrp/
Litecoin / US Dollar
On the 28th of April, the bullish action resulted in the LTC market increasing by 2.68%, bringing the Litecoin price to $103 per coin.
On the 29th of April, the bears are seen initiating a response to previous bullish action, influencing a 2.22% drop in the LTC price, translating to $101 per coin. With much time before the end of the day, the bears may aim to sustain their momentum, while the bulls were currently seen resisting bearish action might succeed.
Indicators
Due to the dominance of negative price action in the market, the relative strength index of the LTC market remains below the 50 mark, with its values on the 28th and 29th of April standing at 42 and 39, respectively. With the above, the bears remain in control of the market momentum.
In agreement with the RSI, the MACD and histogram show growing bearish activity in the market, providing a negative outlook for the asset.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
The Bitcoin Cash market experienced consecutive bearish action over the last two days. On the 28th of April, the bears gained market control after rejecting a bullish head start to the day, resulting in the market falling farther below its 50-day moving average of $332 per coin. The Bitcoin cash market fell by 0.23%, translating to $306 per coin with the above move. We see continued bearish action on the 29th of April, resulting in a 1.19% drop in the Bitcoin Cash price to $302 per coin. The highest and lowest Bitcoin price stood at $309 and $296, respectively.
Indicators
The BCH relative strength index portrays a market in bearish control with a value below the 50 mark. On the 28th and 29th of April, the bearish price action resulted in the relative strength index fluctuating between 42 and 41, respectively.
The MACD and histogram remain below the zero line, maintaining the bears in control and a negative outlook for the Bitcoin Cash market.
Buy and sell BCH on Remitano
Cardano / US Dollar
The ADA market remains below its 50-day moving average of $0.978, maintaining that the bears control the market momentum.
On the 28th of April, the bulls began a momentum, resulting in a 0.33% rise in the market, bringing the ADA price to $0.843 per coin. On the 29th of April, we see the bears initiating a momentum resulting in the ADA price dropping by 2.63%, bringing its price to $0.821 per coin.
Indicators
On the 28th of April, bullish price action saw the relative strength index increase to 35.80, and with the bearish momentum on the 29th of April, we saw the RSI fall to 33.
The MACD and Histogram show a bearish dominance, as both indicators are placed below the zero line, creating a negative asset for the market.
Swap to ADA
Dogecoin / US Dollar
The bears initiated a momentum on the 28th of April, resulting in a 1.93% drop in the Dogecoin price, translating to $0.137 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.143 and $0.135, respectively.
At the start of the 29th of April, we see bullish action, resulting in a 1.31% rise in the Dogecoin price, bringing its price to $0.139 per coin, with the highest and lowest trading prices standing at $0.145 and $0.135, respectively.
Indicators
On the 28th of April, the bearish action resulted in the RSI falling to 48.44, while the bullish market on the 29th of April resulted in an RSI of 49.59, depicting the growing bullish activity.
The MACD stands slightly above the zero line, indicating slight bullish dominance. However, we see the histogram in the bearish territory due to previous bearish action.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.91
- Bitcoin / Ripple = 0.76
- Bitcoin / Litecoin = 0.80
- Bitcoin / Bitcoin cash = 0.78
- Bitcoin / Cardano = 0.79
- Bitcoin / Dogecoin = 0.56
Keynotes for today
- Bitcoin at $38,963 per coin.
- Ethereum at $2,850 per coin.
- Ripple at $0.622 per coin.
- Litecoin at $101 per coin.
- Bitcoin Cash at $302 per coin.
- Cardano at $0.821 per coin.
- Dogecoin at $0.139 per coin.
