The price of Bitcoin consolidated over the weekend as the participants in the market stayed quite optimistic about further gains.
According to data recovered from TradingView and Cointelegraph Markets Pro, it was understood that the exchange hovered near a sum of $30,500 on the 15th of April. The pair had already finished the trading week on Wall Street on a far less volatile note- along with the fairly flat equities in the United States. With a considerable 10-month high of $31,034 in force, the analysts and traders have considered the options as to how far could the price action of BTC play out next. Credible Crypto went on to summarize that the price was about to increase exponentially- as they retweeted a chart of the exchange and the funding rates from Murfski.
Bitcoin’s Price Could Start Skyrocketing Again
As reported by Cointelegraph, the Bitcoin sum of $33,000 was considered to be a near-term target towards the end of the week. On the other hand, the $3000 was also the all-important support level.
The CEO and founder of the trading firm Eight, Michael van de Poppe, went on to predict the analytical part of the day, as he stated that the cryptocurrency was looking towards a sweep of $29.6k- but it will continue the uptrend. Rekt Capital, an analyst, and trader were also seemingly convinced regarding the upside continuation as the ultimate result- calling the cryptocurrency quite well-positioned on daily timeframes.
The price of Bitcoin at $30,000 also sparked some very unsurprising shifts in the wallet dynamics. The number of addresses of BTC in profit also hit a 16-month high on the 14th of April, according to Glassnode- an on-chain analytics firm. At around 33 million, the in-profit addresses neared their 38 million tallies from 2021.
