{"id":644229,"date":"2025-04-16T09:34:44","date_gmt":"2025-04-16T09:34:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=644229"},"modified":"2025-04-16T09:34:44","modified_gmt":"2025-04-16T09:34:44","slug":"bitcoin-price-prediction-as-semler-scientific-plans-500m-raise-to-buy-more-btc-investors-flock-to-this-ico-offering-free-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/bitcoin-price-prediction-as-semler-scientific-plans-500m-raise-to-buy-more-btc-investors-flock-to-this-ico-offering-free-bitcoin","title":{"rendered":"Bitcoin Price Prediction: As Semler Scientific Plans $500M Raise To Buy More BTC, Investors Flock To This ICO Offering Free Bitcoin"},"content":{"rendered":"

The Bitcoin price dropped over 1% in the last 24 hours to trade at $84,113 as of 12:10 a.m. EST, with trading volume plunging 6% to $26.6 billion.<\/span><\/p>\n

This decrease in the BTC price comes even as healthcare technology firm Semler Scientific files<\/a> with regulators to raise up to $500 million to buy more Bitcoin. <\/span><\/p>\n

Bitcoin Price Currently Consolidating<\/h2>\n

The <\/span>BTC price<\/span><\/a> on the daily timeframe presents a rounded top pattern, signaling a slowing of bullish momentum and, eventually, a shift in market sentiment. <\/span><\/p>\n

The Bitcoin price broke downward, forming a local top near the $100,000 level before retracing to test the 200-day Simple Moving Average (SMA) around $87,486.<\/span><\/p>\n

BTC’s price has since consolidated below this resistance zone, caught between the 50-day and 200-day SMAs. It is currently sitting at $83,990 and $87,486, respectively, as <\/span>GeckoTerminal<\/span><\/a> data shows. <\/span><\/p>\n

This zone is crucial, as a sustained move above the 200-day SMA could shift sentiment bullish again, while rejection might lead to a significant downturn. <\/span><\/p>\n

Furthermore, a fair value gap (FVG) is between approximately $60,000 and $63,000, representing an area of market inefficiency that could be filled in a bearish scenario.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) currently sits at 51.49, reflecting a neutral stance with neither bullish nor bearish dominance.<\/span><\/p>\n

While the Moving Average Convergence Divergence (MACD) line remains above the signal line, suggesting a slightly bullish bias, the histogram shows minimal momentum, reinforcing the current indecision.<\/span><\/p>\n

\"Bitcoin
BTC\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

BTC Price Prediction<\/h2>\n

Based on the current technical setup, BTC is at a crucial juncture.<\/span><\/p>\n

Should bulls manage to reclaim the 200-day SMA and breach the horizontal resistance near $88,000, the market could trigger a breakout rally toward the psychological $100,000 level, representing a potential 16.48% move from current prices.<\/span><\/p>\n

Conversely, failure to maintain support here and a rejection from the SMAs could open the door for a more significant retracement. <\/span><\/p>\n

In that case, the Bitcoin price may fill the FVG and revisit the $63,000 region, which has not been tested since the last breakout phase.<\/span><\/p>\n

Meanwhile, investors are piling into a new Bitcoin-themed meme coin called <\/span>BTC Bull Token (BTCBULL)<\/span><\/a>, which will give token holders free Bitcoin.<\/span><\/p>\n

99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.<\/span><\/p>\n