Bitcoin Price Prediction for Today April 30: BTC Hovers above $38.2K - BitcoinEthereumNews.com
BTC / USD - Daily Chart For the 48 hours, Bitcoin (BTC) has been fluctuating in a tight range between $38,200 and $38,850 price levels. The price movement has been characterized by the presence of small body candlesticks. These indecisive candlesticks are indicating that buyers and sellers are undecided about the direction of the market. The presence of indecisive candlesticks will prolong the current range-bound movement of Bitcoin. On the downside, if the bears break below the $38,200 support, the market will decline to the low of $37,515.70. On the upside, if the current support holds and Bitcoin rebounds, the bullish momentum will break the initial resistance at $38,850. It will extend above the moving averages. Bitcoin will resume its uptrend if bullish momentum is sustained above the moving averages. In the meantime, BTC/USD is still fluctuating between $38,200 and $38,850 price levels. BTC / USD - 4 Oras Chart Meanwhile, Bitcoin is confined in a range between $38,200 and $38,850 price levels as it hovers above $38.2K. The cryptocurrency will trend when the range-bound levels are breached. Meanwhile, on April 11 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that BTC will fall but reverse at level