) dipped back toward $61,000 on April 17, indicating a lack of demand at higher levels. According to data from Farside Investors, Bitcoin’ss from the spot Bitcoin exchange-traded funds on April 12 and 15. CryptoQuant founder and CEO Ki Young Ju said in a X post that demand for Bitcoin ETFs has “stagnated for 4 weeks.”
Conversely, if the price rebounds off $2,852 with strength, it will signal solid buying at lower levels. The bulls will then make another attempt to clear the 20-day EMA. If they succeed, the pair may attempt a rally to $3,679.The BNB/USDT pair could tumble to the strong support at $495, an important level to watch out for. If this support gives way, the BNB/USDT pair will be vulnerable to fall to $460 and later to $400.
Any recovery attempt is likely to face selling at $0.52 and again at the 20-day EMA. A break and close above this resistance will suggest that the XRP/USDT pair may swing between $0.41 and $0.74 for a while longer.) relief rally stalled at the 50-day SMA on April 15, indicating that the bears continue to sell on every rise.The 20-day EMA is turning lower, and the RSI is in the negative territory, signaling that bears have the edge.
The failure of the bulls to start a meaningful rebound off $0.46 increases the risk of a breakdown to $0.40 in Cardano and the RSI in the oversold zone indicate that bears are in control.