BTC Price Prediction: Will Bitcoin Price Regain $30000 Mark Before April End?
BTC Price Prediction: During early April, the Bitcoin price breached a psychological resistance of $30000 which offered buyers a strong stepping stone to stretch the recovery rally higher. However, the crypto market started witnessing an aggressive sell-off in mid-month as the market participants were still in the fear of rising inflation. As a result, the BTC price plunged below the $30000 level and trapped the hasty buyers in a bull trap scenario. advertisement Key Points If the selling pressure persists, the Bitcoin price is poised for another 8% downfall The $25300 stands as crucial support to maintain the bullish sentiment in the market. The intraday trading volume in Bitcoin is $13.3 Billion, indicating a 25% loss Source- Tradingview The Bitcoin price witnessed aggressive selling in the past five days and recorded a 9.75% drop from the $30500 top. With sustained selling, the coin price is likely to test the nearest supp...