Analysis: Bitcoin will not break through the $5200-5300 range for the time being.

On April 17, Coindesk analysts said that BTC has rebounded in April for four consecutive years, but due to the resistance of the 21-month moving average and the 50-week moving average, it is difficult to break through the $5200-5300 range in the short term. In addition, due to the weakening of the RSI indicator on the hourly chart, the BTC is likely to fall below $5,100 in the next few hours. If the BTC closes below $4912 this week, it will trigger a bigger sell-off and fall to $4,600.