The cryptocurrency market is correcting before another descending wave. In the past, Bitcoin didn’t start rising aggressively after the halving, on the opposite, it was even falling for a while and managed to break its previous highs only 3-6 months later.
On Thursday, May 7th, the ETH rate resumes growth after a row of days “in the red”. Now Ethereum is generally trading at $207, having lost around 3% within the last 24 hours.
The cryptocurrency market continues moving upwards lead by Bitcoin and Ethereum.
On Thursday, April 30th, the leading cryptocurrency is growing quite well, trading at $8900.00. During April 2020, the BTC/USD rate has grown by 32%.
Cryptocurrencies keep growing steadily, breaking away level after level. The growth of the Bitcoin is almost too aggressive, however, it remains inside a descending channel, and a test of its upper border may provoke a bounce, followed by another declining wave.
On Thursday, April 23rd, the BTC rate is marking time, waiting for new market catalysts. The cryptocurrency is generally trading at around $7,100.
Cryptocurrencies continue to correct without any significant fluctuations in either direction. A lot of assets are stuck inside their respective “Triangle” patterns, thus indicating an extremely low volatility.
Today, on Thursday, April 16th, the Ethereum price is growing steeply. The coin is generally trading at 169.70 USD.
The cryptocurrency market is correcting again. Assets are rebounding from their respective resistance levels while the potential for significant decline remains. On shorter timeframes, instruments are reversal patterns and some of them have already left rising channels.
Today, on April 9th, BTC price started to grow again but now it is slightly falling. However, Bobby Lee believes that Bitcoin must renew its all-time peak by the end of this year and proceed to 25,000 USD.
Cryptocurrencies continue their slight growth and bulls have a lot of difficulties with conquering every level. It would seem that a long-awaited aggressive growth is right around the corner.
On Thursday, April 2nd, the BTC is growing, trading at $6,715. The numbers look symbolic, but in reality, it means little: the cryptocurrency is failing to develop the current impulse effectively.
Cryptocurrencies are still correcting and volatility is reducing, so we may expect some good movements in the nearest future.
On Thursday, March 26th, the volatility in the BTC remains high. However, today the prices for the leading cryptocurrency are declining slightly, generally trading at $6645, while yesterday’s peak was $8350.
The cryptocurrency market is actively correcting but the current movement is looking more like a rebound before a new wave to the downside. However, in the chart of several digital assets, there are patterns in favor of growth.