Wednesday, April 5, 2023

Will Bitcoin’s rally continue in April?

Will Bitcoin's rally continue in April?
 
 

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Bitcoin rallied about 72% in the first quarter of the year, making it the best-performing asset class. The Nasdaq 100 with a gain of 20.5% was far behind. In commodities, gold was up roughly 9% and sugar turned out to be the best performer with a 23% rally.

Bitcoin is trading in a tight range between $29,190 and the 20-day exponential moving average (EMA) for the past few days. This suggests that the bulls are buying on dips while the bears are selling on rallies.

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