Bitcoin Price Climbs to $30,500 – Bullish Sentiment to Persist?

The price of Bitcoin today, April 15, 2023, is $30,438, with a -1.17% price change in the past 24 hours. As of March 31, Bitcoin was around $28,032. But since the beginning of April, it has engaged in several bullish runs amid fluctuations.

Its remarkable price trend throughout March helped the asset surge to $30,500. Within 12 days, bitcoin spiked from $28,473 (April 1) to $30,231 (April 12, 2023). So far, this price behavior is making investors and traders wonder if the bullish sentiment will persist. 

However, the answer is based on the factors affecting BTC’s price.

Bitcoin Price Prediction with Technical Indicators

Bitcoin’s current price confirms the sideways trend on the daily chart reflected in the previous prices for the last two days. The asset is at around $30,429 as of writing, signaling strong support to reach $30,500.

Furthermore, Bitcoin is trading above its 50-day and 200-day Simple Moving Averages (SMA), which indicates a bullish sentiment for the long and short term. 

The Relative Strength Index (RSI) is at 64.16, approaching the oversold region of 70, further confirming the sideways movement of the asset. 

Also, BTC’s Moving Average Convergence/Divergence (MACD) is above its signal line and shows positive values. It also indicates the bullish pressure present in the market.

Bitcoin is in a consolidation phase and tested the $31,005 piece level as yesterday’s high. It will likely increase in the coming days to reclaim the $31,000 price level.

Bitcoin Long-Term Price Prediction

Crypto experts have shared Bitcoin’s price prediction based on fundamental and technical analysis for 2023, 2025, and 2030.

BTC Price Prediction 2023

Bitnation’s perception of Bitcoin before the end of the year is optimistic. The analysts predict a maximum price of $54,811, a minimum of $36,540, and an average of $45,676. Meanwhile, AnalyticsInsight predicts a maximum of $34,912, a minimum of $20,353, and an average of $31,239.

BTC Price Prediction 2025

Changelly predicts Bitcoin to trade at a maximum of $34,690, a minimum price of $29,337, and an average of $30,426 by 2025. On the other hand, Coinpedia predicts that BTC will spike to a maximum of $124,857, a minimum of $85,556, and an average price of $95,298 in 2025.

BTC Price Prediction 2030

Experts believe that Bitcoin’s bullish sentiment will persist. Thus, their predictions are bullish. Business2Community predicts a trade of $150,000 for BTC in 2030. Changelly’s bullish prediction for Bitcoin tips a maximum of $567,470, a minimum of $488,356, and an average price of $505,414 by 2030.

Factors Affecting the Price of Bitcoin

There are various factors impacting Bitcoin’s price. Investors’ sentiments, network developments, macroeconomic factors, whales’ activities, and inflations could also affect the price of Bitcoin.

Here are some recent events on the network

The Rescue of Silicon Valley Bank, UK

As released by Sky News, HSBC Holdings is about to cut a deal to rescue Silicon Valley Bank UK after a final agreement that will deter the technology-centered lender’s bankruptcy. The FTSE-100 banking behemoth had appeared as a potential “savior” bidder for the Silicon Valley Bank in the UK as stakeholders scramble to avert its demise across the tech sector.

Since the US government moved to protect clients’ funds and the emergence of HSBC to rescue SVBUK, Bitcoin began to experience several rallies in short-term durations. The news also boosted the crypto market, causing several cryptos to spike.

Bitcoin Alternatives

In the course of Bitcoin’s growth, you can boost your investments with other altcoin presales.

DeeLance (DLANCE)

DeeLance is a new project that uses blockchain technology to revolutionize how employees and freelancers interact. Its purpose is to eliminate the hassle of finding lucrative and authentic jobs online, thus guaranteeing fewer fraudulent job adverts on the platform. 

DeeLance intends to bridge the gap in efficiency, transparency, simplicity, and ownership by targeting the recruitment and global human resources sector. All transactions and activities are powered by its native token, DLANCE, enabling holders to purchase virtual workspaces and NFTs. 

DLANCE is on presale at $0.025 USDT 1 day before the price increase. The token’s price will keep increasing after each presale stage, reaching $0.053 as its launch price.

C+Charge (CCHG)

C+Charge is a green crypto project that aims at encouraging an environmental-friendly ecosystem with cryptocurrency. It’s a payment platform that allows Electric Vehicle drivers to pay for their vehicle recharge while receiving incentives in return.

The platform’s app helps EV drivers to locate the nearest EV charging stations, charging costs, and operational stations. The platform aims at becoming the leading solution that rewards drivers and EV station owners with carbon credits for using and partnering with the C+Charge network. 

CCHG, the network’s native token, powers all transactions. Its token is worth $0.004527 and will increase as more investors join the network.