GMTT / Chart of the Day / Bitcoin (BTC/USD) / April 16, 2021
Bitcoin traded this week relatively speaking in a tight range and is looking for direction. This morning BTC/USD reached our first downside target of 61375 – next target down is 60400. A good close Below BTC/USD 60400 elects a sell signal with a projected downside target of 58900. A good close above 63700 is needed to confirm the next key resistance level which is projected around 70k!! The range for today is: 60400 – 63700. Have a successful day and a nice weekend! Global Indices, VIX, a selection of stocks, Treasury Bond, Commodities, Soft Commodities, Currencies, and Bitcoin. ...