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Bitcoin Recovers Slightly Over $55K Along With Bullishness in Altcoins

By Research Team Wednesday, Apr 21, 2021
BCH/USD

    • 2.32pm ISTD1
    • High998.59
    • Low911.5
    • Close944.32

BCH/USD is trading at $938.89, 0.13% up since previous day close. The Bitcoin Cash seems to be trading flat o higher side after soaring down to lower levels earlier in a week. The power outage in China led this selling pressure in Bitcoin & major Altcoins. However, the rising demand for digital assets against the soaring USD & uncertain equity markets makes the digital currencies to trade on positive note. As seen in the chart, the BCH/USD is hovering near major support of Fibo level 38.2 & MA (10). Further buying may be noticed if upside continued to be sustained. On higher side, the $975-$1000 levels can be seen whereas $875 levels can be noticed on lower side.

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CryptoCurrency

BCH/USD

Intra Day
Near Day

Technical Levels

R3 1200
R2 1056
R1 998
Turnaround 913
S1 855
S2 770
S3 626
By Research Team Wednesday, Apr 21, 2021
XRP/USD

    • 2.55pm ISTD1
    • High1.4637
    • Low1.3516
    • Close1.3812

XRP/USD is trading at $1.3848, 0.12% up since previous day close. The slight recovery can be seen in Bitcoin & other Altcoins after sliding down to lower levels earlier in a week amid power outage in Chinese region; affecting Bitcoin mining operations. Also, the considerable correction was due in XRP/USD as it tested three-year highs of $2 with relatively heavy trading volumes. Globally, the worsening Covid-19 situation in major countries & attempts to provide sufficient vaccinations remains vital for digital assets. As seen in the chart, the XRP/USD almost took a support of MA (20) & is expected to cross MA (10) as well on higher side. This shows the chances of further upside with the next possible target of $1.50 & $1.10 on lower side.

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CryptoCurrency

XRP/USD

Intra Day
Near Day

Technical Levels

R3 1.873
R2 1.6049
R1 1.4934
Turnaround 1.3355
S1 1.2244
S2 1.0661
S3 0.7967
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