Bitcoin / US Dollar
The above illustrates the Bitcoin market after three consecutive days of bearish action; however, despite this price action, the Bitcoin market remains above its 50-day moving average of $41,450 per coin, indicating the bears are yet to bring the market into a clear downtrend.
The 31st of March sees a major bearish momentum as the bears continue their last push for market domination. With the move, the bears influenced a 3.29% drop in the Bitcoin price, bringing its value to $45,528 per coin. The wick above the candle indicates an initial bullish start to the day, which was rejected by the bears, placing the highest Bitcoin price for the day at $47,624 per coin, while the lowest Bitcoin price for the day stands at $45,211 per coin.
At the start of the 1st of April, we see continued bearish action, resulting in a 1.73% decrease in the Bitcoin price, translating to $44,741 per coin, with the highest and lowest trading prices seen standing at $45,655 and $44,232, respectively.
Indicators
On the 31st of March, the bearish action resulted in a fall of the RSI to 59.99, and with the continued bearish move on the 1st of April, we see a fall in the relative strength index to 56.41.
The histogram and MACD show bullish dominance of the momentum as they stand above the zero line, creating a positive outlook for the asset. However, recent bearish action sees both the MACD and Histogram deflect downwards, indicating a sell-off.
Buy and sell BTC on Remitano
Ethereum / US Dollar
The Ethereum market has also experienced consecutive bearish action over the market, showing the bear's attempt at getting the market below its 50-day moving average of $2,858 per coin. However, the bulls remain dominant, with the market still above this level.
On the 31st of March, the bears continued their previous momentum after flipping an initial bullish start to the market indicated by the wick above the candle, which denotes the highest trading Ethereum price for the day at $3,447 per coin, while the lowest price seen in the market stands at $3,260. The bears influenced a 3.06% drop in the ETH price, bringing the price of each coin to $3,323. At the start of the 1st of April, the bears are seen continuing their previous momentum, resulting in a 0.68% drop in the ETH price, translating to $3,260 per coin, while the highest and lowest trading prices that have been seen so far stand at $3,310 and $3,211, respectively. Nevertheless, with the market still hours from its close, we likely would see changes in these values.
Indicators
The relative strength index of the ETH market remains within the bullish territory as the RSI stands above the 50 mark.
On the 31st of March, the bearish action resulted in a drop of the RSI to 64.59, and with the bearish start on the 1st of April, we see a fall in the relative strength index to 63.11.
The histogram and MACD are placed above the zero line, indicating bullish dominance of the market momentum.
Buy and sell ETH on Remitano
Ripple / US Dollar
On the 31st of March, 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 5.30%, bringing the assets price to $0.814 per coin.
At the start of the 1st of April, the bulls are seen initiating momentum, resulting in a 0.80% rise in the Ripple market, bringing the price of each asset to $0.821 per coin. With the market still in its early hours, more volatility is expected in the day. Nevertheless, as of the writing of this piece, the highest and lowest trading price points seen in the market stands at $0.831 and $0.808 per coin.
Indicators
On the 31st of March, the bearish action resulted in a fall of the RSI to 50.88. With the bullish action at the start of the 1st of April, we see a rise in the relative strength index to 52.18.
The histogram places it in a bearish territory (below the zero line), while the MACD remains positive as it's above the zero line.
[Buy and sell XRP on Remitano](https://remitano.com/xrp/
Litecoin / US Dollar
The bears initiated a move on the 31st of March, resulting in a 5.53% drop, bringing the LTC price to $123 per coin.
On the 1st of April, continued bearish action saw the Litecoin market fall by 1.50%, translating to $122 per coin. The LTC market experienced significant volatility, placing the market's highest and lowest price points at $124 and $119, respectively.
Indicators
The relative strength index chart shows that the LTC market remains bullish as the value stands above the 50 mark.
On the 31st of March, the bearish action resulted in a fall of the RSI to 55.86, while the bearish start on the 1st of April has resulted in a fall of the RSI to 53.52.
The histogram and MACD portray a market in bullish grasp as they stand above the zero line, creating a positive outlook for the market.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
On the 31st of March, the bulls initiated a momentum that saw the Bitcoin Cash market rise by 1.06%, bringing the asset’s price to $384 per coin. The wick above the candle indicates a bearish attempt at reducing the day’s gains, placing the highest BCH price for the day at $391, while the wick below the candle denotes the lowest Bitcoin cash price for the day at $362 per coin.
At the start of the 1st of April, we see the bears respond to the bullish action, resulting in a 4.54% drop in the market, placing the Bitcoin Cash price at $366 per coin. The wick above and below the candle denote the highest and lowest price points seen, corresponding to $389 and $363.
The Bitcoin Cash market remains w
ell above its 50-day moving average of $319, reflecting bullish market control.
Indicators
The bullish action on the 31st of March resulted in a rise of the relative strength index to 68.06, while on the 1st of April, the bearish action resulted in a fall of the relative strength index to 59.39
The histogram and MACD portray a market in bullish grasp as they stand above the zero line, creating a positive outlook for the market.
Buy and sell BCH on Remitano
Cardano / US Dollar
On the 31st of March, the bears continued their previous bearish momentum, resulting in a 4.11% drop in the market, bringing the ADA price to $1.141 per coin. At the start of the 1st of April, the bears continued their momentum from the previous day. With this move, the ADA market has fallen by 1.49%, bringing the ADA price to $1.124 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 $1.150 and $1.104, respectively.
Indicators
On the 31st of March, the bearish action resulted in a fall of the RSI to 64.22, and with the bearish momentum on the 1st of April, we see a consecutive fall in the relative strength index to 61.83.
The histogram and MACD are placed above the zero line, indicating bullish dominance of the market momentum.
Swap to ADA
Dogecoin / US Dollar
On the 31st of March, the bears initiated a momentum, resulting in a 3.56% drop in the Dogecoin price, translating to $0.138 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.148 and $0.136, respectively.
At the start of the 1st of April, we see the bearish action, resulting in a 2.32% drop in the Dogecoin price, bringing its price to $0.134 per coin, with the highest and lowest trading prices standing at $0.139 and $0.132, respectively.
Indicators
The RSI on the 31stof March stands at 57.21, while the bearish action on the 1st of April, we see the RSI fall to 53.78. The MACD and histogram stand well above the zero line, indicating bullish dominance.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.90
- Bitcoin / Ripple = 0.76
- Bitcoin / Litecoin = 0.79
- Bitcoin / Bitcoin cash = 0.72
- Bitcoin / Cardano = 0.84
- Bitcoin / Dogecoin = 0.83
Keynotes for today
- Bitcoin at $44,232 per coin.
- Ethereum at $3,260 per coin.
- Ripple at $0.821 per coin.
- Litecoin at $122 per coin.
- Bitcoin Cash at $366 per coin.
- Cardano at $1.124 per coin.
- Dogecoin at $0.134 per coin.
