Bitcoin

April

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Neither bulls nor bears are dominating at the beginning of the weekend, according to <a href="https://u.today/xrp-price-prediction-for-april-19" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="4ac82420-7e37-4b25-bccc-0834fd7d1d63" src="https://u.today/sites/default/files/inline-images/top10_1067.png">BTC chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The price of Bitcoin (BTC) has dropped by 1% since yesterday. <img data-entity-type="file" data-entity-uuid="d47af3bd-4297-4ae0-a818-7f1b49f588fc" src="https://u.today/sites/default/files/inline-images/btc1_189.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly time frame, the rate of BTC is in the middle of the narrow channel between the support of $63,458 and the resistance of $64,282.
As most of the daily ATR has been passed, any sharp moves are unlikely to happen by the end of the day. <img data-entity-type="file" data-entity-uuid="e99ddc73-b244-41fb-9248-0f4cfad4d9f0" src="https://u.today/sites/default/files/inline-images/btc2_170.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger chart, traders should focus on the nearest level of $64,636. A further rise is only possible if the price of BTC fixes above it. Unless it happens, one can expect a correction to the $63,000 zone. <img data-entity-type="file" data-entity-uuid="b9a75037-3a55-4ddb-b979-e68e322de848" src="https://u.today/sites/default/files/inline-images/btc3_169.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the rate is far from the support and resistance levels. If the weekly bar closes around the current prices, ongoing sideways trading in the zone of $62,000-$66,000 is the more likely scenario for the next week.
Bitcoin is trading at $63,790 at press time.

Bitcoin (BTC) Price Prediction for April 20

Table of Contents

U_Today

Other articles published on Apr 20, 2024

Dogecoin Holds Strong at 50% Retracement: Bullish Trend Ahead?

Bitcoin Welcomes Runes Protocol Post-Halving: What’s Next?

Will This Hot New Crypto Presale Project Turn A $1K Investment Into $10K?

AI News: Nigerian Government Debuts AI Tool with Multilingual Capabilities

Analyst Reveals Bitcoin’s Bull Market Breakthrough: Here’s What You Need To Know

New Protocols Stir Interest in Crypto Markets

Join our free newsletter for daily crypto updates!