Bitcoin (BTC) Price Prediction for April 4

04/04/2024 22:44
Bitcoin (BTC) Price Prediction for April 4

When can traders expect Bitcoin (BTC) to get back to its bull run?

Original U.Today article

Bitcoin (BTC) Price Prediction for April 4

Cover image via www.tradingview.com

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The rates of most of the coins keep rising, according to CoinStats.

BTC chart by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has risen by 1.41% over the last 24 hours.

Image by TradingView

On the hourly time frame, the price of BTC keeps rising after a breakout of the local resistance level of $66,390. 

If the situation does not change by the end of the day, the growth may lead to a test of the $68,000 mark soon.

Image by TradingView

On the daily chart, the picture is similar as growth continues after a false breakout of the recently formed level of $64,545. If the bar closes above yesterday's candle peak, traders may witness a test of the $70,000 zone within the next few days.

Image by TradingView

On the bigger time frame, it is too early to think about a fast bullish reversal as the main crypto has not accumulated enough energy yet. In this regard, consolidation in the zone of $65,000-$70,000 is the more likely scenario.

Bitcoin is trading at $67,072 at press time.

About the author

article image

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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