BTC Price Prediction: Today’s Bitcoin Price, 12th April 2023
If you’re looking for the latest Bitcoin (BTC) price prediction and BTC to USD converted price, you’ve come to the right place. At present, Bitcoin is trading at $27,679, with a 24-hour trading volume of $13.5 billion. However, the price of Bitcoin has declined by 2.79% in the last 24 hours.
Today’s Bitcoin Price
Despite this, the BTC/USD pair is trading within a narrow range of $27,600 to $28,900, indicating a neutral market sentiment on Monday. Investors are hoping for a strong fundamental catalyst to break out of this range.
BTC Price Prediction
In order to reach the next resistance level, BTC needs to surpass the $28,250 mark and climb to $28,900. Conversely, if the price falls below $27,600, it will find immediate support at that level.
The RSI and MACD technical indicators have both fallen below their midpoints (50 and 0, respectively), indicating that investors are currently selling. This selling tendency will impact the future price movement of Bitcoin, which will depend on whether it can break out of the $27,600 to $28,900 trading range.