Bitcoin (BTC) Price Prediction for April 4

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Written By Maya Cantina

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Thu, 4/04/2024 – 15:44

Cover image via www.tradingview.com

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The rates of most of the coins keep rising, according to CoinStats.

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BTC chart by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has risen by 1.41% over the last 24 hours.

Image by TradingView

On the hourly time frame, the price of BTC keeps rising after a breakout of the local resistance level of $66,390. 

If the situation does not change by the end of the day, the growth may lead to a test of the $68,000 mark soon.

Image by TradingView

On the daily chart, the picture is similar as growth continues after a false breakout of the recently formed level of $64,545. If the bar closes above yesterday’s candle peak, traders may witness a test of the $70,000 zone within the next few days.

Image by TradingView

On the bigger time frame, it is too early to think about a fast bullish reversal as the main crypto has not accumulated enough energy yet. In this regard, consolidation in the zone of $65,000-$70,000 is the more likely scenario.

Bitcoin is trading at $67,072 at press time.

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