Bitcoin (BTC) hit new intraday lows on April 21, struggling to preserve $28,000 as support on Bitstamp. The cryptocurrency looked “weak,” with analysts warning that $25,000 might come next. The return to $25,000 was described as “absolutely fine” and still an example of “a little bit of a deeper pullback” rather than a significant trend change. The return to $28,000 completely sealed a gap in CME Group's Bitcoin futures, created in April during Bitcoin's run to local highs above $31,000. A return to fill the gap near $20,000 was also predicted.

(By WILLIAM SUBERG)