Bitcoin Price Analysis for April, 14th – BTC Risks To Drop

By Dmitriy Gurkovskiy, author at RoboForex Blog.

On Tuesday, April 14th, the leading cryptocurrency is declining, trading at 6850 USD.

On D1, the support line of the correctional uptrend is broken away. These dynamics might be interpreted as a reversal aimed at forming a new declining wave with the goal of 3925.70 USD. Note that it reached 50.0% Fibo, so a reversal looks quite natural. The descending dynamics of the MACD lines may be supporting the development of the declining wave.

BTC Price analysis BTC/USD Daily

On H4, the picture of the trend reversal may be seen in more detail. Earlier, there formed a Black Cross in the overbought area of the Stochastic that warned of the end of growth. Currently, the quotations are forming the primary channel of the downtrend with the first aim at the support line near 6449.00 USD. Breaking this one away, the quotations will head for the mid-term level of 5480.00 USD. However, short sporadic growth should neither be excluded. The appearance of a new microwave of growth will be preceded by a breakaway of the resistance line and 7082.00 USD.

BTC Price analysis BTC/USD H4

The new Chinese rating of the popularity and stability of cryptocurrencies have the same top-three as before – the EOS, Tron, and ETH. The BTC is number 14, losing to many other actively traded altcoins.

The total index of the crypto market did not change during the pandemics; several projects just slowed down or put on a halt their development.

The main things tracked by the CCID rating are the progressivity of the basic technology, practical value, and innovations.

Among practical news, note the information about the transfers on the Bitfinex exchange. The platform carries out a transaction for 1.1 billion USD in the BTC with a commission fee of just 0.7 USD. This is the largest transfer ever carried out. As they say at Bitfinex, 146.5 thousand coins returned to their former address, while the rest was allocated to the so-called ho wallet.

A really important thing here is the low commission fee, which was reached thanks to the progressivity of technology.

Disclaimer: Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.


  1. bold August 7, 2020
  2. viagra pills August 7, 2020
  3. credit card generator August 7, 2020
  4. free spotify music August 7, 2020
  5. fake credit card September 2, 2020
  6. visa card generator September 3, 2020
  7. valid credit card number September 3, 2020
  8. strikethrough text on iphone September 3, 2020
  9. tadalafil 30 mg February 11, 2021
  10. hydro plaquenil February 11, 2021
  11. dolquine February 11, 2021
  12. generic zithromax February 11, 2021
  13. tadalafil pills February 16, 2021
  14. plaquenil 200 mg tablet February 19, 2021
  15. plaquenil definition February 24, 2021
  16. ClarkGaino March 1, 2021
  17. Marcoslic March 4, 2021
  18. Michaelnep March 8, 2021
  19. Michaelnep March 9, 2021
  20. Michaelnep March 10, 2021
  21. amoxicillin drug rash March 10, 2021
  22. JeffreyLusia March 11, 2021
  23. zithromax coverage March 11, 2021
  24. JeffreyLusia March 11, 2021
  25. doramectin and ivermectin March 12, 2021
  26. expired albuterol sulfate March 12, 2021
  27. JeffreyLusia March 12, 2021
  28. JeffreyLusia March 13, 2021
  29. JeffreyLusia March 14, 2021
  30. brimonidine March 16, 2021
  31. avanafil March 16, 2021
  32. Megalis March 16, 2021
  33. StanleyOmilm March 16, 2021
  34. Jamescip April 16, 2021
  35. RobertLox April 17, 2021
  36. RobertLox April 18, 2021

Leave a Reply