Bitcoin Technical Analysis Report 13 April, 2021

• Bitcoin broke round resistance level 60000.00
• Likely to rise to resistance level 65000.00

Bitcoin cryptocurrency continues to rise strongly after the earlier breakout of the powerful round resistance level 60000.00 (which has been steadily reversing the price from the middle of March). The breakout of the resistance level 60000.00 accelerated the active minor impulse wave 3 – which belongs to the intermediate upward impulse sequence (3) from last month.

Given the strong daily uptrend and the improved sentiment across the crypt currency markets today – Bitcoin cryptocurrency can be expected to rise further toward the next resistance level 65000.00 (target price for the completion of the active impulse wave 3).

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