Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived By Cointelegraph


Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived

The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide pullback during the afternoon session after exhausted bulls were overwhelmed by bears who managed to push (BTC) below $45,200.

Data from Cointelegraph Markets Pro and TradingView shows that once the afternoon sell-off broke below support at $46,000, the price of BTC hit a daily low of $45,133 before buyers emerged to bid it back above $45,700.

BTC/USDT 1-day chart. Source: TradingView
4-hour chart. Source: Twitter (NYSE:)
BTC/USD 1-day chart. Source: Twitter
BTC/USD 3-day chart. Source: Twitter