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Bitcoin (BTC) Price Analysis for April 18

Tue, 04/18/2023 - 15:23
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Denys Serhiichuk
Can growth of Bitcoin (BTC) continue to $32,000?
Bitcoin (BTC) Price Analysis for April 18
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Bears have not seized the initiative for long, and coins are again trading in the green zone.

Top 10 coins by CoinMarketCap


Bitcoin (BTC) is the biggest gainer today, rising by 2.72%.

BTC/USD chart by TradingView

The rate of Bitcoin (BTC) has broken the local resistance level at $29,932 and started a sharp rise. At the moment, there are no prerequisites for a fall as the rate is again back above the vital zone of $30,000. In this case, a further rise to $31,000 is the most likely scenario.

BTC/USD chart by TradingView

Today's sharp growth is about to absorb the recent correction of Bitcoin (BTC). If the bar closes near the resistance at $30,614, the breakout may lead to growth to the $31,000 mark.

BTC/USD chart by TradingView

On the weekly chart, the price has bounced off the mirror level at $29,290. It is too early to make any projections as many days remain until the candle's closure.

DOGE and SHIB Price Analysis for April 16

However, if buyers can manage to hold the rate above the $30,000 zone, a further test at which bulls might face problems is the resistance at $32,376.

Bitcoin is trading at $30,308 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at