Bitcoin Price Holds At $30,300 – $31,300 Coming Today?

Bitcoin is trading between $29,900 and $30,000, with a slight dip in its price reflecting bearish pressure. BTC closed above $30,000 on April 11, 2023, and has tested the $31,000 price level within this period.

 However, its next price direction depends on the prevalent trend in the market and trader sentiments.

Bitcoin Price Action

Bitcoin started the year modestly at $16,688, slowly building on its gains. It traded at the $20,000 level on January 14 and moved to $24,000 on February 15, 2023, with price volatility within this period.

 Bitcoin moved to $27,423 on March 17 and continued its rise till it peaked at $30,000 on April 12, 2023. However, today April 17, BTC is back to the $29,000 price level.

Bitcoin Price Prediction With Technical Indicators

Bitcoin has formed a red candle on the price chart. The Gravestone Doji formed yesterday, April 16, signaled today’s bearish reversal. 

BTC’s Relative Strength Index (RSI) is 63.79, close to the overbought region of 70. However, the indicator is falling back into its channel and will likely move into the neutral zone. 

Also, Bitcoin’s Moving Average Convergence/Divergence (MACD) has dropped below its signal line, reflecting the bearish energy in the market. More price volatility might occur with the asset in the coming days.

Notably, BTC is still trading above its 50-day and 200-day Simple Moving Averages (SMA). It indicates a bullish sentiment for the short and long term and suggests its decline might be temporary.

BTC Support And Resistance Levels

Bitcoin is under pressure from the bears as it approaches significant resistance levels. The support levels are $16,337, $19,569, $21,376, and $25,270; resistance levels are $30,000, $30564, and $30897. 

Despite BTC’s positive price moves this April, it will likely continue in its downtrend before it bounces back to break above the $30,000 price level in the coming days.

Bitcoin Long-Term Price Prediction

Experts have compiled short and long-term Bitcoin price predictions based on technical and fundamental analysis.

Bitcoin Price Prediction in 2023

Bitcoinwisdom predicts that Bitcoin will trade at a minimum of $35,396, an average price of $41,304, and a maximum price of $44,256 in 2023. Changelly predict a minimum of $29,337, a maximum of $34,690, and an average of $30,426.

Bitcoin Price Prediction in 2025

Bitnation predicts a minimum of $94,437, an average price of $103,291, and a maximum of $112,144 by 2025. Coinpedia is also bullish on its chances, predicting a minimum of $65,556, an average price of $95,298, and a maximum of $124,867.

Bitcoin Price Prediction 2030

CryptonewsZ predicts a minimum of $159,502 and a maximum of $243,636 by 2030. Software testing is bullish on Bitcoin’s chances in 2030. They predict a minimum of $500,000, an average of $776,060, and a maximum of $937,274 by 2030. Business2community is conservative, with an expected minimum of $70,000 and a maximum of $150,000 by 2030.

However, note that crypto is volatile and can deviate from predicted price trend without warnings. So, always tread with caution and invest after thorough research and risk management strategies in place. 

Factors Affecting Bitcoin’s Price 

Several factors could affect Bitcoin’s price behavior. These factors include inflation, supply and demand, and other macroeconomic factors. Also, crypto regulations and investors’ sentiments are some other factors that could boost an asset’s price or lead to a decline.

Another factor that could affect an asset’s price is the recent developments on the network. Here are the top Bitcoin network trends and events. 

Recent Trends On Bitcoin’s Network

Bitcoin Transaction Activity Increasing

According to Glassnode reports, Bitcoin transaction activity is close to cycle highs and gaining strong momentum, with over 270 thousand transactions daily. An increase in transactions and on-chain activities could help boost the price of the apex cryptocurrency. 

Crypto Analyst Talks Bitcoin Resistance

Ali Charts, a crypto analyst and chartist believes that the $30,270-$32,150 resistance remains challenging for BTC to surmount. He believes that if this level breaks, the next vital support level is $27,600-$28,450. 

BTC has fallen below $30,000, raising concerns over the possibility of further decline for the asset.

Bitcoin Alternatives

As Bitcoin exhibits price volatility, some altcoin presales can reward early investors. Find the popular ones below. 

DeeLance (DLANCE)

DeeLance is a blockchain-powered platform that connects employers with freelancers. Freelancing is a big industry, with many workers embracing remote-work opportunities post-pandemic. DeeLance offers employers opportunities to recruit high-caliber freelancers that must deliver to satisfaction before receiving payment.

Also, the payment has escrow protection, which means DeeLance acts as a middleman to hold funds and prevent employers from cheating freelancers and vice-versa.  Most of the popular freelance sites have scammers and bot accounts taking advantage of unsuspecting clients. However, the highly secure platform makes it almost foolproof against fraudulent activities.

The platform’s native token, DLANCE, is currently on presale. Each token is worth $0.025 and will rise to $0.053 once the token lists on exchanges. Also, the presale is still in its first stage as the DeeLance community elected to extend the presales for an additional seven days.

Metropoly (METRO)

Metropoly is a real estate initiative built on blockchain technology. It enables users to own fractions of real estate by lowering the entry barrier to $100 with fractional ownership. The Beta testing model of the project is live for users to have a first-hand experience of what is to come. 

The native token of the ecosystem, METRO, is currently on presale and has raised almost $1.3 million. The presale is in its twelfth stage, with each token trading for $0.08. 

The stage 12 presale is ending in the next four days. Therefore users must act fast to reap the benefits of a price increase.