its been stated now, that during April, if BITCOIN can remain above $7700, we are looking at $8500 as the next stop. If countries slowly eliminate COVID completely, will it help boost bitcoins price even further or serve to deter bitcoin from increasing?. This is when the governments have no more COVID to worry about and focus on rejuvenating their economy. They would start implementing their own CBDC and digital currency like China probably this year as well. Will this be the true cause of the fall of bitcoin, or will bitcoin and crypto be integrated into their banking system?
First of all there is no link between covid and bitcoin prices. So if you have such a believe then you are wrong. If bitcoin close below 7600$ below, then bitcoin might move towards 7200$. MACD and RSI are also turning bearish and volume is decreasing too.
Remember 6600$ is a strong support and 7800$ is a big resistance.