Bitcoin, the leading cryptocurrency, has experienced a recent surge, climbing over 4% in the last few hours. However, this uptick appears to have lost some momentum and is starting to level off. Some experts have even predicted a drop in the price of Bitcoin to below $13,000, which could explain the recent dip. Nonetheless, other analysts still anticipate further price gains for Bitcoin in the future, keeping its potential bright.
Today, on April 3rd, 2023, the current price of Bitcoin is $28,100.45 against the US dollar, according to recent data. Bitcoin’s 24-hour market volume is valued at $21.4 billion, and its market cap sits at $546.3 billion, cementing its position as the cryptocurrency industry leader. Within the past 24 hours, Bitcoin’s value has decreased by nearly 0.20%.
Technical analysis indicates a volatile trend for Bitcoin’s price against the USD. The $28,900 mark is seen as a possible resistance level to watch, while Bitcoin’s value remains relatively stable around the $27,900 mark. Should the BTC/USD pair break through the resistance level at $28,950, Bitcoin’s value could potentially reach $29,200 or even $30,700. Conversely, should a downward trend occur, analysts anticipate firm support levels between $26,600 and $25,200 for Bitcoin’s price.
