Bitcoin (BTC) surged above $30,000 for the first time since June 2022, signaling that it will now seek support above that level and push on to test higher highs.
With an 80% surge year-to-date and adoption of Bitcoin skyrocketing recently, nearing 1 million holders of at least one BTC, it outperforms the top five major indexes by 170% in the first quarter of 2023. This suggests that the odds are in its favor.
However, some in the crypto community are predicting that the price of Bitcoin will decline significantly by the end of April. CoinMarketCap, which has an 83% historical accuracy of predicting Bitcoin’s price over the last six months, believes that the price of BTC will fall.
Bitcoin’s price is estimated to decline by 21.63% by the end of April if the vote count is accurate. The technical analysis on TradingView shows that the sentiment is bullish, with oscillators pointing at ‘buy’ and moving averages indicating a ‘strong buy’.
Bitcoin is on the rise again, with a current price of $30,114 and a total market capitalization of $583 billion. The AI technology at PricePrediction has estimated that Bitcoin will be trading at over $30,000 by the end of next month. This forecast sets the price of Bitcoin at $30,697 on April 30, 2023, a much different outlook than the community on CoinMarketCap.
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