Bitcoin / US Dollar
Over the last three days, the Bitcoin bears have remained the dominant force, keeping the market in a downtrend and increasing its distance from its 50-day moving average of $42,009 per coin.
The 23rd of April started with the bears flipping an initial bullish start to gain market dominance and influence a 0.62% drop in the Bitcoin price, translating to $39,465 per coin. Following the previous momentum, the 24th of April saw significantly opposed bullish action, resulting in a 0.00% change in the Bitcoin price, translating to $39,464 per coin.
At the start of the 25th of April, we see bearish action, resulting in a 1.71% decrease in the Bitcoin price, translating to $38,789 per coin, with the highest and lowest trading prices seen standing at $39,521 and $38,210, respectively.
Indicators
The Bitcoin RSI continues its fall into bearish territory as its value remains below 50, and the bears sustain their price action.
On the 23rd, 24th, and 25th of April, the RSI stands at 39.64, 39.64, and 36.96. The histogram and MACD show increasing bearish entry into the market as it is placed below the zero line, meaning the bears hold the market.
Buy and sell BTC on Remitano
Ethereum / US Dollar
On the 23rd of April, the bears continued their market dominance after flipping an initial bearish start to the market, indicated by the wick below the candle. With the above, the bears influenced a 1.00% drop in the ETH price, bringing the price of each coin to $2,933. On the 24th of April, bearish action caused a 0.39% drop in the ETH price, translating to $2,921 per coin, maintaining the ETH market below its 50-day moving average of $3,022 per coin.
At the start of the 25th of April, the bears are seen continuing previous momentum, resulting in a 1.85% drop in the ETH price, translating to $2,867 per coin.
Indicators
With the sustained bearish action dominating, the Ethereum market remains bearish, with its RSI below the 50 mark.
On the 23rd, 24th, and 25th of April, the RSI shows increasing bearish influence in the market, corresponding to 41, 40, and 38 on the respective days.
The histogram and MACD show increasing bearish activity as they remain below the zero line, indicating bearish dominance of the market momentum.
Buy and sell ETH on Remitano
Ripple / US Dollar
On the 23rd of April, the bears flipped an initial bullish market as indicated by the wick above the candle, resulting in a 1.68% drop, bringing the assets price to $0.705 per coin. On the 24th of April, the bearish action resulted in a 1.06% drop in the XRP price, translating to $0.697 per coin.
At the start of the 25th of April, the continued bearish momentum resulted in a 4.66% drop in the Ripple market, bringing the price of each asset to $0.665 per coin. With the market still in its early hours, more volatility is expected in the day.
Indicators
With the bearish action on the 23rd, 24th, and 25th of April, we see a fall in the relative strength index to 38, 37, and 32, respectively, reflecting increasing bearish activity in the market and placing the bears in control of the immediate market momentum. The histogram and the MACD remain in a bearish territory (below the zero line), portraying a negative outlook for the asset.
[Buy and sell XRP on Remitano](https://remitano.com/xrp/
Litecoin / US Dollar
The bears gained a hold on the market on the 23rd of April, resulting in a 0.17% drop, bringing the LTC price to $105 per coin.
On the 24th of April, the bearish action saw the Litecoin market fall by 0.54%, translating to $104 per coin. On the 25th of April, the LTC market experienced continued bearish activity, placing the market 3.24% lower, translating to $101 per coin, with the highest and lowest price points at $104 and $98, respectively.
Indicators
The relative strength index chart shows that the LTC market remains in bearish control as the value stands below the 50 mark.
On the 23rd, the bearish action resulted in the RSI dropping to 41, while on the 24th and 25th of April, the bearish action resulted in a fall of the RSI to 40 and 37, respectively.
The histogram and MACD portray a market in a bearish grasp as they stand below the zero line, creating a negative outlook for the market.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
On the 23rd of April, the bears initiated a momentum that saw the Bitcoin Cash market fall by 2.61%, bringing the asset's price to $312 per coin. On the 24th of April, the bears initiated a momentum, resulting in a 1.62% drop in the market, placing the Bitcoin Cash price at $307 per coin.
At the start of the 25th of April, we see bullish action, resulting in a 0.24% rise in the Bitcoin Cash price to $308 per coin.
Indicators
The bearish action on the 23rd and 24th of April resulted in a fall of the relative strength index to 41 and 40, and the bullish activity on the 25th of April resulted in the rise of the RSI to 40.70, respectively.
The histogram and MACD portray a market in a bearish grasp as they stand below the zero line, creating a negative outlook for the market.
Buy and sell BCH on Remitano
Cardano / US Dollar
On the 23rd of April, the bears continued previous bearish momentum, resulting in a 2.11% drop in the market, bringing the ADA price to $0.887 per coin. On the 24th of April, bearish action saw the ADA price drop by 0.15%, bringing its price to $0.886 per coin.
At the start of the 25th of April, the bears continued their momentum from the previous day, resulting in a 2.46% drop, translating to $0.864 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 $0.886 and $0.826, respectively.
Indicators
On the 23rd, 24th, and 25th of April, significant price action sees the relative strength index fluctuate, corresponding to 37.93, 37.80, and 35, depicting the growing bearish activity. The histogram and MACD remain below the zero line, indicating bearish dominance of the market momentum.
Swap to ADA
Dogecoin / US Dollar
The bears initiated a momentum on the 23rd of April, resulting in a 1.58% decrease in the Dogecoin price, translating to $0.134 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.136 and $0.133, respectively.
On the 24th of April, the bears continued their momentum, resulting in the Dogecoin market falling by 1.57%, translating to $0.131 per coin.
At the start of the 25th of April, we see significant bullish action, resulting in a 5.99% rise in the Dogecoin price, bringing its price to $0.139 per coin, with the highest and lowest trading prices standing at $0.141 and $0.122, respectively.
Indicators
On the 23rd, 24th, and 25th of April, the RSI stands at 44, 43, and 50, depicting a market in relative stability as the RSI stands at 50.
The MACD and histogram remain below the zero line, indicating bearish control of the market momentum.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.92
- Bitcoin / Ripple = 0.72
- Bitcoin / Litecoin = 0.82
- Bitcoin / Bitcoin cash = 0.83
- Bitcoin / Cardano = 0.85
- Bitcoin / Dogecoin = 0.51
Keynotes for today
- Bitcoin at $38,789 per coin.
- Ethereum at $2,867 per coin.
- Ripple at $0.665 per coin.
- Litecoin at $101 per coin.
- Bitcoin Cash at $308 per coin.
- Cardano at $0.864 per coin.
- Dogecoin at $0.139 per coin.
