Bitcoin Price Prediction for Today, April 6: BTC Price Remains Steadfastly over $27K ByAzeez MustaphaPRO INVESTOR Updated: 06 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 Bitcoin Trades inside a Narrow Band as It Remains Steadfastly over $27K – April 6, 2023 The largest cryptocurrency has persistently maintained above the moving average lines as it remains steadfastly over $27K. On April 5, BTC’s price recovered to pass the $28,500 initial barrier, but it immediately dropped again. Since March 19, the overhead resistance at $29,000 and the barrier at $28,500 have been blocking the upward advances. Bitcoin Price Statistics Data:•Bitcoin price now – $28,061.94•Bitcoin market cap – $542,892,290,085•Bitcoin circulating supply – 19,338,475 BTC•Bitcoin total supply – $589,033,811,286•Bitcoin Coinmarketcap ranking – # 1Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Buyers tried to re-enter the previous highs on April 5 but were rejected. BTC’s price surged past the $28,500 resistance level but was repelled at the $28,801 high. Yesterday, there was a lot of selling pressure, and buyers were unable to keep the price over the $29,000 barrier. The price of one Bitcoin is at $28,061, which is higher than the moving average lines. On the plus side, the resistance at $29,000 will be broken if the BTC price rallies above the current level. The bullish trend will continue above the psychological price threshold of $30,000. The Relative Strength Index for period 14 has Bitcoin at level 59. The value of the cryptocurrency asset can rise even higher. A US Bank Run Causes a 10-Month Low in Bitcoin Liquidity The United States-based exchanges have been most negatively impacted by the banking crisis, with traders suffering as a result of higher price volatility. Despite an optimistic quarter for price growth, Bitcoin (BTC) market liquidity has fallen to a 10-month low. The bank run in the US and the ongoing regulatory measures against crypto businesses are partly to blame for the lack of liquidity. One of the best-performing assets in 2023, BTC’s price has increased by 45%. The price increases occur as the traditional financial market faces an impending financial crisis and stocks and bonds are having one of their worst years. Several banks have failed as the financial crisis has gotten worse. BTC/USD – 4 Hour Chart Nonetheless, the recent selling pressure has forced Bitcoin into a range-bound zone as it remains steadfastly over $27K. BTC’s price has been restricted to the $27,000 to $28,500 price range since March 19. Buyers were able to overcome the lower hurdle at $28,500, but they failed to do so with the upper hurdle at $29,000. If the overhead resistance is broken, the upward movement will start again. Bitcoin Alternatives The largest cryptocurrency has endured despite being rejected at the $29,000 peak. The current bullish trend has been able to continue because Bitcoin trades inside a narrow band. Experts believe that the $29,000 resistance level will crumble following numerous retests. The second leg of upward momentum will continue if the resistance at $29,000 is broken. Other cryptocurrencies and LHINU tokens will rise further if there is a rally above the $30,000 psychological price level. Investors who take part in the current LoveHateInu (LHINU) token presale stand to gain large returns on their money. Looking for the right MemeCoin that will make you laugh and be useful at the same time? The only place to go is LHINU. In the world of memes, it is the most valued VoteToEarn coin. To immediately join the LoveHateInu group, sign up for the Presale. Our Presale is currently in its fourth stage. That is a reason to rejoice! If you haven’t already, please join us immediately. Almost $3.5 million has already been collected. 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