FX.co ★ BITCOIN Analysis for April 17, 2018

Bitcoin has been quite impulsive with the bearish gains recently, which engulfed the previous bullish daily candle easily. However, today bears seemed absent in the process, whereas bulls tried to retain their ground. The price has gained over 20% recently, which was quite remarkable and which also explains the possibilities of further bullish pressure for the coming days. The overall crypto market is looking pretty well with the recovery, where the flagship bitcoin is proceeding faster in comparison. As of the current scenario, the price is expected to push higher without any deeper pullback if today's daily close remains strong with bullish pressure. As the price remains above $7,000 with daily close, further impulsive bullish pressure is expected for the future.