Bitcoin Price Climbs To $30,200 – Has BTC Finally Found Its Level?

Bitcoin is experiencing price volatility today as the bears take over the market. It is back to $29,340, a decline from yesterday’s closing price of $30,397. Despite the current price slump, the trading volume is up by 32%, and its market dominance is at 46.08%.

Bitcoin Price Action

Bitcoin traded at $16,521 on January 1, 2023. But the price increased to $17,091 on January 8. By January 14, BTC had moved to $20,976 for the first time in 2023. 

The price increased to $22,777 on January 21. Notably, Bitcoin traded in the $21,000 – 24,000 range in February. 

It attained a high of $28,038 on March 19 and claimed the $30,000 price level for the first time on April 11. 

Bitcoin Price Prediction With Technical Indicators

Bitcoin has formed a red candle on the daily chart. Despite closing above $30,000 on April 18, the bears are controlling its price action today. 

The Relative Strength Index (RSI) indicator, shows the price volatility today as it dropped into the neutral zone at 54.22. The indicator is still moving downwards, hinting at the possibility of a further price decrease.

But BTC is still above its 50-day and 200-day Simple Moving Averages (SMA). It implies that the pullback noticed today will likely be temporary. Bitcoin’s support levels are $16,337, $19,569, $21,376, and $25,270. The notable resistance levels are $30,000 and $30,375.  The bears at these resistance levels are intent on halting the positive price movement recorded in April.

Bitcoin seems to be forming a new support level at $29,306. Expect further price volatility till it reclaims the $30,000 price level in the coming days. 

Bitcoin Price Prediction By Experts 

Experts have compiled price predictions for BTC in the short and long term. Most of the forecasts are bullish on the top-ranked crypto asset. 

Bitcoin Price Prediction By Bitcoinwisdom

Bitcoinwisdom believes that Bitcoin will trade at a minimum of $35,083, an average of $40,930, and a maximum of $43,851 in 2023. Also, by 2025, they believe the minimum will be $87,696, the average price $93,594, and the maximum $102,309. 

By 2030, the expected minimum is $233,888, the average price is $239,738, and the maximum is $248,509.

Bitcoin Price Prediction By Changelly

Changelly predict a minimum price of $37,459, an average of $38,953, and a maximum of $45,218 in 2023. By 2025, they believe that BTC will trade at a minimum of $78,660, $81,436, and $95,855. In 2030, they project a minimum price of $544,954, an average of $564,377, and a maximum of $660,839.

Bitcoin Price Prediction By Bitnation

For 2023, Bitnation predicts a minimum of $35,128, an average of $43,911, and a maximum of $52,693. In 2025, the expected minimum price is $93,676, the average price is $102,459, and the maximum is $111,241. 

By 2030, Bitnation predicts a minimum price of $240,046, an average of $248,829, and a maximum price of $257,611.

Factors Influencing Bitcoin’s Price 

Several factors contribute to Bitcoin’s price action. These factors range from macroeconomic factors like wars and rate hikes to inflation and crypto regulations. News and developmental activities also influence the price of cryptocurrencies. 

Latest Trends On The Bitcoin Network

$25 Million Bitcoin Futures Liquidated  

Bitcoin lost over 3% of its price value today in just 15 minutes, returning the asset to the $29,000 price level. Over $5 million in Bitcoin futures were liquated, with 98% being long positions. Also, the United Kingdom’s high March inflation figures of 10% may have influenced trader sentiment.

Skew, a top crypto trader, stated that a $16,000 Bitcoin sell order from Binance spot usually precedes bad news. He

urged traders to look out for negative funding, across the board, open interest indicating high selling percentage, and spot buying. 

Bitcoin Alternatives

As Bitcoin experiences price volatility, investors can benefit from these altcoin presales.

Metropoly (METRO)

Metropoly is an innovative platform that incorporates real estate investment and blockchain technology. It gives users an easy avenue to make valuable investments without going through cumbersome paperwork. Also, this platform lowers the threshold of investing to just $100.

Metropoly offers users fractional ownership, where real estate NFTs split into fractions, making them more affordable. The native token METRO is currently in its twelfth presale stage, ending in less than two days. There are over 3000 investors in the project, and each token is worth $0.08.

Real estate remains a relevant investment niche creating massive wealth for investors worldwide. METRO’s value will likely increase once it lists on exchanges.

Love Hate Inu (LHINU)

Love Hate Inu is a vote-to-earn (V2E) initiative that rewards users for sharing their opinions on trending polls by choosing a love or hate meme. The platform uses a highly secure voting system that requires users to stake LHINU tokens for at least 30 days before voting. This ensures that the votes are authentic and verified. 

LHIHU tokens enable users to carry out activities on the platform and are currently on presale. Over $4.6 million has been raised, with investors scrambling to cash in on the tokens. 

Currently, each LHINU token is worth $0.000115, with the launch price set at $0.000145. There is an ongoing contest for users to vote in the first-ever Love Hate Inu poll and qualify for a chance to win $10,000.