Best Crypto to Buy Now 21 April – RNDR, CFX, ZIL
Bitcoin has recently encountered a tumultuous period, having ascended past the $30,000 mark just last week only to experience a subsequent decline.
Reaching a nine-month peak, the achievement initially sparked market enthusiasm, but excitement waned as the cryptocurrency's value fell to $27,000.
How might this downturn in the cryptocurrency market affect the selection of the best cryptos to buy now?
Micheal van de Poppe, a seasoned cryptocurrency analyst, offered insights into the potential direction of Bitcoin's price movement in the coming days.
https://twitter.com/CryptoMichNL/status/1649287357433094146
Utilizing a chart of the digital currency's recent fluctuations, van de Poppe highlighted the inherent unpredictability of Bitcoin's behavior, putting forth the non-controversial idea that forecasting its future course is challenging.
According to van de Poppe, the $27,600 mark represents a pivotal juncture for the digital currency.
This level previously served as a support zone during Bitcoin's ascent beyond $30,000, rendering it a key point of interest.
The analyst posited that a continued rally is plausible, but it would necessitate a swift recovery. "Liquidity could be taken beneath, but a rapid rebound is required," he elaborated.
Conversely, he also drew attention to the $28,800 resistance level, which is currently being fortified by bearish traders.
Overcoming this barrier is of utmost significance, van de Poppe explained. Should the bulls fail to reclaim this level, the cryptocurrency's value could recede to the $26,000 range in the near term.
Bitcoin now finds itself at a crossroads, where even a modest upward movement is vital to maintain its current price.
Its decline to $27,000 has positioned BTC below its 20-day
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