Bitcoin bulls return after BTC Rebounds in an Integral support level

Bitcoin cost seems to be profiting bullish momentum after BTC bounced off the lower Bollinger Band.
A tide of selling obtained control of this cryptocurrency marketplace on April 7 later Bitcoin (BTC) cost fell under $56,000. The market-wide sell-off contributed to $1.4 billion in liquidations and some analysts suggested this might be the last sweep from overleveraged long traders before Bitcoin can make a run higher to the $70,000 level.  BTC/USDT daily graph. Source: TradingViewOne sign the marketplace had moved before itself over the past week was the rapidly rising Kimchi premium, that was followed by a seven percent decline in BTC cost on April 7 as traders feared that it could be the sign for a market high. Despite the market downturn, analysis of on-chain data suggests that Bitcoin could soon find a rally to a new all-time large whales, miners and long term holders have decreased or ceased selling altogether and institutional requirement stays high. Traditional markets near listing highsEquities markets traded close to their all-time highs on Tuesday as accelerating job growth, record amounts of service industry activity and a rise in manufacturing resulted in sudden optimism that pushed stock prices higher. Despite this good news, the Dow and NASDAQ shut down 0.06percent and 0.16% respectively, while the S&P 500 managed to end the day with a 0.06percent gain.Coinbase listing stipulates a small reliefA couple altcoins did manage to rally during the day after Coinbase revealed it would list 1INCH, Enjin (ENJ), New Kind of Network (NKN) and Origin Protocol (OGN) on Coinbase Guru.  Starting now, inbound links for 1INCH, ENJ, NKN & OGN are available in the areas where trading is supported. Traders cannot set orders and no orders will be fulfilled. Https://t.co/L5KlZvMiuA— Coinbase Guru (@CoinbasePro) April 7, 2021

After the announcement, the purchase cost of 1INCH and ENJ saw small gains of 5% whereas Origin Protocol saw a 10% increase and NKN rallied 27%. Solana (SOL) also rallied 10% and Ethereum (ETH) declined 7% to trade under $2,000. Daily cryptocurrency marketplace functionality. Source: Coin360The overall cryptocurrency market cap now stands at $1.90 trillion and Bitcoin’s dominance rate is 55.6%.The views and opinions expressed below are only those of the author and don’t necessarily reflect the views of Cointelegraph.com. Every investment and trading proceed involves danger, you should run your own study when making a choice.

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