Bitcoin and Ethereum analysis 04/26/2021: BTC and ETH recovering their strength


Talking Crypto

Bitcoin struck hard and returned to support at $ 52,000, after a very strange Sunday.

The king of cryptocurrencies had two forceful movements and went from losing almost 7% to his going strong above 9%, to reach $ 52,900. With this, the entire market had a great recovery.


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Bitcoin price chart 04/26/2021 | TradingView

In 4H temporality we observe how the price of BTC reached the EMA for 55 periods in a forceful way, after a previous candle that took it to $ 46,900.

Bitcoin bulls charged hard and will try to establish that support and then go for $ 53,000 and $ 55,000.

The BTC bears, meanwhile, could not hold and were beaten. They will try to tear down $ 52,000 and $ 50,000, to go for $ 48,000 and $ 44,000.


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Ethereum price chart 04/26/2021 | TradingView

Ethereum, on the other hand, is running a very high range between $ 2,600 and $ 2,100, but with a lot of bullish force.

ETH bulls are still in full control of the situation and will keep pushing to keep hitting all-time highs.

Bears can do little. And it is that the attempts to lower the Ethereum of $ 2,100 obtained little fruit.

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Analysis by analyst César Quintero for Cryptocurrency

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