Bitcoin Price Prediction for Today, April 12: BTC/USD Trades Above $30,700 Level ByAzeez MustaphaPRO INVESTOR Updated: 12 April 2023 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC is trading at $30,476 as the coin seems to be preparing for another upward movement. Bitcoin Prediction Statistics Data: Bitcoin price now – $30,476 Bitcoin market cap – $584.1 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $35,000, $37,000, $39,000 Support Levels: $27,000, $25,000, $23,000 BTC/USD is trading above the 9-day and 21-day moving averages at $30,476 as the coin prepares to gain additional higher levels. At the time of writing, the first digital coin is likely to extend toward the resistance level of $31,000 if the bulls put more pressure on the market. Bitcoin Price Prediction: Bitcoin (BTC) May Cross Above $31,000 The Bitcoin price is heading toward the upside, any further bullish movement above the upper boundary of the channel may locate the potential resistance levels at $35,000, $37,000, and $39,000. Normally, when new uptrends are coming up, traders may use the moving averages to gauge the strength of the trend. Nevertheless, if BTC/USD soars above the upper boundary of the channel, this could be a sign of sustainability and may likely result in a bullish continuation. Furthermore, if the Bitcoin price fails to move up; traders may see a price cut below the moving averages, and a further low could bring the price to the support levels at $27,000, $25,000, and $23,000 respectively. But as it stands, the Bitcoin price is likely to rise as the technical indicator Relative Strength Index (14) crosses above the overbought region. BTC/USD Medium-term Trend: Ranging (4H Chart) However, suppose the bulls push the market above the channel. In that case, traders may expect a retest of the $30,700 resistance level, breaking this level may further push the price towards the resistance level of $32,000 and above as the technical indicator Relative Strength Index (14) remains within the overbought region, which is suggesting a bullish signal. BTCUSD – 4-Hour Chart On the contrary, if the king coin slides below the 9-day and 21-day moving averages and heads toward the lower boundary of the channel, it could locate the support level of $29,000 and below. Alternatives to Bitcoin The Bitcoin price is currently trading around $30,476 with a 0.46% gain above the 9-day and 21-day moving averages. The Bitcoin price may fight to stay above the important level of $31,000 as it could move to cross above the upper boundary of the channel. On that note, Love Hate Inu (LHINU) is a fast-rising meme coin project set to revolutionalize the $3 billion online survey industry with its utility vote-to-earn (V2E) Web3 technology. The crypto project allows participants to earn rewards for engaging in polls and surveys in a thrilling and unique way as close to $4m has been raised in the ongoing presale. Love Hate Inu - Newest Meme Coin Rating Decentralized Polling - Vote to Earn Doxxed Team - CEO Carl Dawkins Featured in Yahoo Finance, Bitcoinist Mint Memes of Survey Results as NFTs OKX Listing May 19 Learn More Join Our Telegram channel to stay up to date on breaking news coverage