Bitcoin Price: How Will It Change In April? Will It Target At US$50,000?
2022-04-07 16:55:30
Should I Buy Bitcoin Now?
As the world’s biggest crypto by market cap, Bitcoin has enjoyed a range of tailwinds last month, closing March with up 20%. Despite a strong run in March, which saw the Bitcoin price surge 20% over the month, Bitcoin is still down 34% from its record high of $68,790 on November 10.
What BTC investors want to know now, of course, is how the Bitcoin price unfolds in April. According to Gate.io, the Bitcoin (CRYPTO: BTC) price is down 4.41% over the past 24 hours, trading for US$43,287.97 right now. Depending on analysis, the price of Bitcoin will have kicked off April somewhere around US$47,397, though it had some wild swings at the beginning of the month.
But the Bitcoin price did well as risk appetite returned.
Looking ahead to April and beyond, Nigel Green, CEO of DeVere Group, said cryptocurrency investors should keep an eye on the key psychological price barrier of $50,000.
If bitcoin prices "surge through this key price marker, we expect the current bull market to become exceptionally strong as crypto FOMO (fear of missing out) sets in -- as it usually does when BTC prices soar," He said.
Also, as the price of BTC rebound, it will remind those on the sidelines that cryptocurrencies are "the future of money". "The world is accelerating towards a digital revolution, and as investors pay more and more attention to that, Bitcoin's long-term trajectory is definitely upward.", he added.
The price of BTC will see either investors or bulls engage at $44,088.71, some of whom have already done so on April 1st, since $45,261.84 is undergoing some heavy selling pressure. It looks certain to break, with only the bodies of the candles holding above, but the wicks have broken through several times. The price of $44,088.71 mentioned above also supports the monthly fulcrum of price action near $43,671.84. Should that level not hold, it will expect a massive inflow at $39,780.32, which could break the "fake breakout" of $40,000.00, where investors rub their hands to buy bitcoin prices at such a big discount. This should then kick off a swing-trade back up towards $48,760.92, with Bitcoin price live then breaking through $50019.29 and monthly R1.
As the world’s biggest crypto by market cap, Bitcoin has enjoyed a range of tailwinds last month, closing March with up 20%. Despite a strong run in March, which saw the Bitcoin price surge 20% over the month, Bitcoin is still down 34% from its record high of $68,790 on November 10.
What BTC investors want to know now, of course, is how the Bitcoin price unfolds in April. According to Gate.io, the Bitcoin (CRYPTO: BTC) price is down 4.41% over the past 24 hours, trading for US$43,287.97 right now. Depending on analysis, the price of Bitcoin will have kicked off April somewhere around US$47,397, though it had some wild swings at the beginning of the month.
How Will Bitcoin Price Go Next In April?
Due to the global pandemic, Russia’s invasion of Ukraine and the failure of US regulators to approve a cash Bitcoin exchange traded fund (ETF) had been a drag on the crypto world. In the past few months, cryptocurrencies have also moved into riskier assets, such as high-growth tech stocks.But the Bitcoin price did well as risk appetite returned.
Looking ahead to April and beyond, Nigel Green, CEO of DeVere Group, said cryptocurrency investors should keep an eye on the key psychological price barrier of $50,000.
If bitcoin prices "surge through this key price marker, we expect the current bull market to become exceptionally strong as crypto FOMO (fear of missing out) sets in -- as it usually does when BTC prices soar," He said.
Also, as the price of BTC rebound, it will remind those on the sidelines that cryptocurrencies are "the future of money". "The world is accelerating towards a digital revolution, and as investors pay more and more attention to that, Bitcoin's long-term trajectory is definitely upward.", he added.
Will The Price Of BTC Break Through US$50,000 In April?
The price of BTC will see either investors or bulls engage at $44,088.71, some of whom have already done so on April 1st, since $45,261.84 is undergoing some heavy selling pressure. It looks certain to break, with only the bodies of the candles holding above, but the wicks have broken through several times. The price of $44,088.71 mentioned above also supports the monthly fulcrum of price action near $43,671.84. Should that level not hold, it will expect a massive inflow at $39,780.32, which could break the "fake breakout" of $40,000.00, where investors rub their hands to buy bitcoin prices at such a big discount. This should then kick off a swing-trade back up towards $48,760.92, with Bitcoin price live then breaking through $50019.29 and monthly R1.
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