Bitcoin Price Forecast: Cloudy With A Chance Of Downside

Bitcoin Price Forecast: Cloudy With A Chance Of Downside


Bitcoin price is back above $55,000 in a lighting fast recovery from below the key level of $50,000. Although the rebound thus far appears as if it is a gift from the heavens above, the technical forecast suggests cloudy days are ahead.

Here’s a closer look at everything going on with Bitcoin “at a glance” and a deep dive into the Ichimoku Kinko Hyo indicator.

Forecast Says Cloudy Days Ahead For Top Cryptocurrency

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Spring is in the air. The grass is turning green and the birds are chirping again. As the saying goes, “April showers bring May flowers.”

And although things have been fully bullish for some time in Bitcoin, April has been the first month where things have turned from green, to grey.

April kicked off aggressively, pushing Bitcoin to new highs. The top cryptocurrency consolidated there’s and made one more push higher the day Coinbase Global went public.

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