{"id":386017,"date":"2023-04-12T17:08:19","date_gmt":"2023-04-12T17:08:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=386017"},"modified":"2023-04-12T17:08:19","modified_gmt":"2023-04-12T17:08:19","slug":"bitcoin-price-prediction-for-today-april-12-btc-usd-trades-above-30700-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-april-12-btc-usd-trades-above-30700-level","title":{"rendered":"Bitcoin Price Prediction for Today, April 12: BTC\/USD Trades Above $30,700 Level"},"content":{"rendered":"<p>The Bitcoin price prediction shows that BTC is trading at $30,476 as the coin seems to be preparing for another upward movement.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $30,476<\/li>\n<li>Bitcoin market cap &ndash; $584.1 billion<\/li>\n<li>Bitcoin circulating supply &ndash; 19.3 million<\/li>\n<li>Bitcoin total supply &ndash; 19.3 million<\/li>\n<li>Bitcoin Coinmarketcap ranking &ndash; #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Bullish (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $35,000, $37,000, $39,000<\/p>\n<p>Support Levels: $27,000, $25,000, $23,000<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">BTC\/USD<\/a> 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.<\/p>\n<h2>Bitcoin Price Prediction: Bitcoin (BTC) May Cross Above $31,000<\/h2>\n<p>The <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-april-10-btc-usd-conquers-29000-level\">Bitcoin price<\/a> 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.<\/p>\n<p>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.<\/p>\n<h2>BTC\/USD Medium-term Trend: Ranging (4H Chart)<\/h2>\n<p>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.<\/p>\n<figure id=\"attachment_386023\" aria-describedby=\"caption-attachment-386023\" style=\"width: 1073px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-386023\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/04\/BTCUSD_4H_08042023.png\" alt=\"\" width=\"1073\" height=\"554\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/04\/BTCUSD_4H_08042023.png 1073w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/04\/BTCUSD_4H_08042023-300x155.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/04\/BTCUSD_4H_08042023-1024x529.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/04\/BTCUSD_4H_08042023-768x397.png 768w\" sizes=\"(max-width: 1073px) 100vw, 1073px\"><figcaption id=\"caption-attachment-386023\" class=\"wp-caption-text\">BTCUSD &ndash; 4-Hour Chart<\/figcaption><\/figure>\n<p>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.<\/p>\n<h2>Alternatives to Bitcoin<\/h2>\n<p>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, <a href=\"https:\/\/insidebitcoins.com\/visit\/lovehateinu\" rel=\"nofollow\">Love Hate Inu (LHINU)<\/a> 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.<\/p>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">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 <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-april-12-btc-usd-trades-above-30700-level\" title=\"Bitcoin Price Prediction for Today, April 12: BTC\/USD Trades Above $30,700 Level\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":386022,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"class_list":["post-386017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btcusd","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction for Today, April 12: BTC\/USD Trades Above $30,700 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