The title says almost everything. The uptrend has been established again, currently price has hit the 59381USDT resistance and bounced back but didn't drop below the support at 58023 so we can say it's into a small channel.
If it goes up in 12h chances are that price enter again the big fibonacci channel you see on the background, if it take more we'll need much more volume to do so. If BTC enters and stays there by the end of April it goes at at least 80K. However, it has still to deal with the 61K resistance.
I'm not showing the Ichimoku cloud to not mess up too much the chart however it's positive at 1h and 4h and at 15min the chart is in the cloud but over the support.
I only up BTC moves slow and quiet so that market is ok.
If it goes up in 12h chances are that price enter again the big fibonacci channel you see on the background, if it take more we'll need much more volume to do so. If BTC enters and stays there by the end of April it goes at at least 80K. However, it has still to deal with the 61K resistance.
I'm not showing the Ichimoku cloud to not mess up too much the chart however it's positive at 1h and 4h and at 15min the chart is in the cloud but over the support.
I only up BTC moves slow and quiet so that market is ok.
Comment:
60100 was too hard, we're back in a channel. If we go over 58781 this retracement can be over, if not then price can test again and potentially break below 54995 which is a support. Market will be affected by it off course!