Bitcoin (BTC) Price Analysis for April 18

Bitcoin 2 h    Reading time: ~2 m

Bears have not seized the initiative for long, and coins are again trading in the green zone.

Bitcoin (BTC) Price Analysis for April 180


Bitcoin (BTC) is the biggest gainer today, rising by 2.72%.

Bitcoin (BTC) Price Analysis for April 181

The rate of Bitcoin (BTC) has broken the local resistance level at $29,932 and started a sharp rise. At the moment, there are no prerequisites for a fall as the rate is again back above the vital zone of $30,000. In this case, a further rise to $31,000 is the most likely scenario.

Bitcoin (BTC) Price Analysis for April 182

Today’s sharp growth is about to absorb the recent correction of Bitcoin (BTC). If the bar closes near the resistance at $30,614, the breakout may lead to growth to the $31,000 mark.

Bitcoin (BTC) Price Analysis for April 183

On the weekly chart, the price has bounced off the mirror level at $29,290. It is too early to make any projections as many days remain until the candle’s closure.

However, if buyers can manage to hold the rate above the $30,000 zone, a further test at which bulls might face problems is the resistance at $32,376.

Bitcoin is trading at $30,308 at press time.


Updated: 04/18/2023 — 14:00

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