Bitcoin Above Winter Resistance, Ethereum About To Drop Below It

The month of April has seen some good, bad and ugly in the world of cryptocurrency. Bitcoin has had it good, Ethereum has not fared so well, and the Bitfinex Tether fiasco has been the ugly part.

Since the beginning of April Bitcoin has made a solid 30 percent and closed a monthly candle above resistance for a long time. After a long cold crypto winter, which witnessed its depths on December 15 when Bitcoin hit a low of just below $3,200, rays of light have finally entered the space again. Gone are the fears and predictions of final capitulations down to $2,000 or below as a new zone of support has formed.

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