Category: Crypto News, News
Bitcoin (BTC) Price Prediction for April 16 — TradingView News
Bears have seized the initiative today, according to CoinMarketCap. CoinMarketCap”>
The price of Bitcoin 
BTCUSD has declined by 2.24% over the last 24 hours.TradingView”>
On the hourly chart, the rate of BTC is trying to break the local resistance of $84,091. If it happens, the upward move is likely to continue to the $85,000 area soon.TradingView”>
On the bigger time frame, ongoing sideways trading remains the most likely scenario. Such a statement is confirmed by the falling volume, which means none of the sides is ready for a sharp move.
In this case, traders have low chances of seeing sharp moves soon.TradingView”>
From the midterm point of view, one should focus on the nearest level of $87,500. Until its breakout happens, a correction remains the most likely scenario.
Bitcoin is trading at $83,832 at press time.
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