Will April be a red month?

[CarnagexD]

After price increased by 10% this month from the opening price of around $28.K, the monthly candle is now down around 4%. Do you think it will now end in the red, if so by how much?

Personally I think reclaiming $28.5K within a week remains possible, given the lack of bearish pressure to push prices below $27K, but also unlikely to see a particularly green candle above $31K. Price is otherwise between the 20 & 50 Month Moving Averages, currently priced at $32.2K and $24.5K respectively. The former is currently trending downwards in bearish formation, the latter is trending upwards in bearish formation.



Price is otherwise re-testing the 50 Day MA at $27.1K, that failed to act as support last month, after the "golden cross" that occurred with the 200 Day MA back in February:



FYI This is just intended as a short-term topic/poll, will lock the thread at the end of the month once the result has been confirmed.

Technically speaking, It possibly could. Based solely on the charts and analyzing it objectively. It could. In analyzing it, you must first understand what happened, what is happening, then what possibly could happen.
What happened: In the previous month, we see a great deal of expansion higher as opposed to the greater trend going lower. That's how we see it in the month of March.
What is happening: Right now, seeing that we're on a tight range is healthy. We have seen an expansion so the next is consolidation or a range in the market. It is moving sideways.
What possibly could happen: Absolutely another expansion. Small range this april could create a larger range this coming may.

It is also important that we're here not to direct the price but only to react properly of how price is trading. For me, closing the month in a bullish or bearish candle doesn't matter. What  more important is how it traded during the month and how can I prepare for the coming.

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[TheGreatPython]

Anything can happen, especially since the price drops to $28k or $27k. We are at the end of the month but the price has just gone up to $29k so it's possible the price will still be at $29k or go up to $30k. It's still hard to predict because we know the price could go anywhere and we don't have any valid clues.

The market mainly depends on the buying or selling pressures, if there is more buying and less selling, we will see a hike but if it's the opposite, expect another drop. I personally don't want it to go up yet and I expect the price to drop below to maybe around $24k so that there is another opportunity for buyers to hop in.

Market experts will surely publish their reviews about what they think will happen based on technical analysis and chart readings, and it will be interesting since I'm sure there will be a lot of mixed emotions and predictions.

[Pamadar]

I just don't understand why there are people asking questions like this about the future price of Bitcoin or crypto. Why, is there anyone in human history who has gone to the future and returned to the present time?

Everyone knows that the price of altcoins and bitcoins is unpredictable, that's why there are fluctuations that happen in the market, why are these things still being asked? if you believe it will increase, just hold it, now if you think the moon will be red like this, sell the coins you hold, it's that simple to understand.

Such questions allow us to get an analysis of price predictions, so I think there is nothing wrong with asking even if we know that we do not have a ball that can predict the future with certainty. Prices can be predicted technically and fundamentally, it is part of the analysis that may be right or wrong. Any predictions should not be considered as financial advice even if they are in fact close to the truth.

So you don't have to worry about price predictions, that's why speculation boards exist especially about the price of bitcoin. There is always someone who will ask about the price and its predictions, which is why analysis can be done to find the best time to enter and exit.

Getting on both sides,

There are people who understand well that before investing, they learn about the volatility of the market,
which means they are anticipating that the price might rise or fall.

Though getting also the point that opinions of someone can also help to seek for more information to anticipate
if where might be the next market run, not saying to use as basis but to figure it out if why someone will see
that directions and what are the factors for that certain movements.

[Popkon6]

Here is some data I have seen predicting the price of Bitcoin for the few months ahead of 2023. Over the next few months, the price of Bitcoin will be bullish and bearish is very unlikely. Because Bitcoin is very likely to be bullish in 2024, the price of Bitcoin will start to rise slightly from now and the green candles will be steep. Bullish market search will start from half time of this year but we will use this opportunity. The cryptocurrency market can be unpredictable, but every month the price of Bitcoin can see a slight uptick. From January to April, the Bitcoin price indicated an upward trend.

[uneng]

The hope that april will skyrocket and close to recovery turned out to be wrong, 2 more days april will end and it doesn't seem like it will be able to make any big surprises, today the price could go up 1.5% but it doesn't look like there will be a big price change in april.

Resistance level is too strong at 30,000$ level. It's really hard for Bitcoin to break the mark and guarantee a superior support line. On the other hand, I'm optimistic, because even though Bitcoin isn't making it, the scenario doesn't look too bad. Corrections in price are being smooth and aren't able to push Bitcoin's price down with high impact.

Scenarios like this have good chances turning into bullish ones, like a volcano which is constantly threating to explode, but seems to be never ready to enter in eruption, until it finally does, becoming unstoppable once it happens!

This seems as the most likely scenario, while bitcoin is unable to break the 30k resistance level its constant attack will eventually wear down the bears and it will allow for a very fast growth once that happens, how high the price of bitcoin could go? I think 35k is possible once that happens, however with so few days been left on the month of April it is way more likely this could happen on March or even June, as I doubt the bears are going to give up the 30k level so easily.

Yes, for April we are already out of time. That is something which is going to happen futurely yet. Maybe for the next few months... 35,000$ would be a nice achievement, but even better if BTC were able to hit the 40,000$, maintaining this level until the end of 2023. So we could start 2024 with Bitcoin stronger and pretty bullish towards a new ATH.

The problem right now are the bears retaining the price too much, but once the tendency flips, I'm sure these bears are going to become bulls instantly!

[Sir Legend]

Compared to March, of course we are disappointed because the April price dropped again, now the price is around $ 29k and makes us have to be patient to see the market rising again, if until June the price doesn't touch $ 40k then it's likely that this year's market will be like now, that is in $30k range.

[|MINER|]

Compared to March, of course we are disappointed because the April price dropped again, now the price is around $ 29k and makes us have to be patient to see the market rising again, if until June the price doesn't touch $ 40k then it's likely that this year's market will be like now, that is in $30k range.

I don't really get disappointed mate  because even the price dropped in this month. Because if you look back to in previous month then the flow is also gonna notice in the previous motnh. In that point of view I think the look is right on herm is right on his. And besides, in my opinion, the last months were a lot like April. But in April we also find a high touch after a long time . But I think we have to still wait few more month to see bitcoin in the range of 40k .

[Falconer]

Compared to March, of course we are disappointed because the April price dropped again, now the price is around $ 29k and makes us have to be patient to see the market rising again, if until June the price doesn't touch $ 40k then it's likely that this year's market will be like now, that is in $30k range.

The best solution for now is to be patient while accumulating so that if the bitcoin price breaks through $32k and is on a bullish trend, then you will generate worth returns. I know some of us doubt that bitcoin price is still likely to correct over the course of the year, but I don't think prices can get any lower before the middle of the year, meaning May and June will allow us to go above $30k.

For April, I think we'll still get a green candle even if it's not actually higher than $30k. If this pattern holds until April passes, then it is quite possible to expect two green candles to occur in the next two month time frame. Don't worry, stay patient and face reality.

[STT]

April has been sideways mostly, its mostly stayed in a band for about 6 weeks I think.    I would not characterize this as positive or negative at this point but longer term it seems positive to have stayed higher rather then any greater pullback


On the pullback during April we did not need to return to 200 day average as March saw but only fell back to a 50 day average.   If that continues to show as the bottom pricing then we are accumulating momentum I think.  There will continue to be tests and retest of various price levels but it has been a higher price on most occasions this year so bigger view April was fine, it might be that May is harder because now it has to maintain a tighter pace; eg. 28k is the 50 day MA .

[ItsCrafty]

After price increased by 10% this month from the opening price of around $28.K, the monthly candle is now down around 4%. Do you think it will now end in the red, if so by how much?

Bitcoin is currently hovering between $27k and $30k. Going from 31k to 27k and going back to 30k again in one day is very rare.If we look at the previous history, between 27k to 31k the market will continue to move up and down. This is what we can expect.If the market breaks 27k then the chances of the market going down will increase.But according to my estimate the market may go up to 35k or 40k from here and come down again from there. But the chances of the market going up in April is very less.In the month of April, the market is likely to remain between $27k and $31k, and this condition may remain for the next twenty days.

[dragonvslinux]

April has been sideways mostly, its mostly stayed in a band for about 6 weeks I think.    I would not characterize this as positive or negative at this point but longer term it seems positive to have stayed higher rather then any greater pullback

Indeed it wouldn't be considered positive or negative to have a consolidation month in the short-term, but longer-term this appears to be very bullish. Since reaching around $29K price has consolidated for around 6 weeks as you say, which based on the fact price was at around $16K at the start of the year, is a bullish sign longer-term, even if short-term could signal further consolidation or even another correction.

On the pullback during April we did not need to return to 200 day average as March saw but only fell back to a 50 day average.   If that continues to show as the bottom pricing then we are accumulating momentum I think.  There will continue to be tests and retest of various price levels but it has been a higher price on most occasions this year so bigger view April was fine, it might be that May is harder because now it has to maintain a tighter pace; eg. 28k is the 50 day MA .

This is the point many people appear to have missed, ie that price has found support at the 50 Day MA as opposed to correcting to the 200 Day MA as it did last month, that is currently at $21.7K. It also seems that many are still anticipating a deeper correction in the coming days or weeks, similar to what happened at $25K, but so far this isn't the case, with price so far consolidating for longer than it did after reaching $25K.

[carlfebz2]

After price increased by 10% this month from the opening price of around $28.K, the monthly candle is now down around 4%. Do you think it will now end in the red, if so by how much?

Bitcoin is currently hovering between $27k and $30k. Going from 31k to 27k and going back to 30k again in one day is very rare.If we look at the previous history, between 27k to 31k the market will continue to move up and down. This is what we can expect.If the market breaks 27k then the chances of the market going down will increase.But according to my estimate the market may go up to 35k or 40k from here and come down again from there. But the chances of the market going up in April is very less.In the month of April, the market is likely to remain between $27k and $31k, and this condition may remain for the next twenty days.

I do have those doubts and feeling that we might be playing around these levels for a while before breaking that 32k resistance i should say.We are now hovering these levels and the price as of this moment is really

that on that stagnant side which it isnt really just moving much +-$100 movement which it is really hard to determine to make up some moves or entry basing up with using some technical indicators.You cant really be that too confident when it comes to this kind of approach but of course we do have other aspects which we could really make use of some analysis which is on fundamentals.
On times like this on where news and events do really make out some impact if ever whether it would be that negative or positive.

Speaking about being green or red for this month of April which it is really that near to end then we arent that having a bad month because we've been able to reach out these levels
which is considerably good.

[Tony116]

Compared to March, of course we are disappointed because the April price dropped again, now the price is around $ 29k and makes us have to be patient to see the market rising again, if until June the price doesn't touch $ 40k then it's likely that this year's market will be like now, that is in $30k range.

Do you want to buy bitcoin for $30k or want to buy bitcoin for $40k? I'm not disappointed at all with what happened in April, first: we can't expect bitcoin to go up continuously without a correction. Second thing: bitcoin has yet to rally, this is an opportunity for us to have more time to accumulate BTC before it goes higher and buying bitcoin becomes more expensive.
In investment, it is necessary to be flexible in all situations, if the market rises, then find a way to take profits, if the market falls, take advantage of accumulation, and do not be disappointed in any scenario. I am still optimistic the market will be much better this year than last year.

[dragonvslinux]

After price increased by 10% this month from the opening price of around $28.K, the monthly candle is now down around 4%. Do you think it will now end in the red, if so by how much?

Bitcoin is currently hovering between $27k and $30k. Going from 31k to 27k and going back to 30k again in one day is very rare.If we look at the previous history, between 27k to 31k the market will continue to move up and down. This is what we can expect.If the market breaks 27k then the chances of the market going down will increase.But according to my estimate the market may go up to 35k or 40k from here and come down again from there. But the chances of the market going up in April is very less.In the month of April, the market is likely to remain between $27k and $31k, and this condition may remain for the next twenty days.

I do have those doubts and feeling that we might be playing around these levels for a while before breaking that 32k resistance i should say.We are now hovering these levels and the price as of this moment is really

I also suspect it could take another week or so before breaking above $32K. If you look back at May/June 2022 price consolidated between around $29K and $32K for around 3 weeks before breaking down. After initially entering this range again a few weeks ago price was rejected after around 10 days, and now we've only just re-entered it, so it could take another 10 days or so consolidating in this range before further upside.

The positive is that consolidating in this range at the highs remains bullish, in the same way price consolidating in this range at the lows in 2022 was bearish. The consolidation also gives time for the Weekly moving averages to catch up with price, such as the 20 & 50 Week MA that are considerably lower around $23.5K and $22.1K. I don't think many investors have an issue with buying Bitcoin at a 50% discount, but they'd likely feel a lot more comfortable with price not being over-extended from certain moving averages and maintaining higher levels, given the $30K is acting as resistance in the short-term.

[imamusma]

I also suspect it could take another week or so before breaking above $32K. If you look back at May/June 2022 price consolidated between around $29K and $32K for around 3 weeks before breaking down. After initially entering this range again a few weeks ago price was rejected after around 10 days, and now we've only just re-entered it, so it could take another 10 days or so consolidating in this range before further upside.

The positive is that consolidating in this range at the highs remains bullish, in the same way price consolidating in this range at the lows in 2022 was bearish. The consolidation also gives time for the Weekly moving averages to catch up with price, such as the 20 & 50 Week MA that are considerably lower around $23.5K and $22.1K. I don't think many investors have an issue with buying Bitcoin at a 50% discount, but they'd likely feel a lot more comfortable with price not being over-extended from certain moving averages and maintaining higher levels, given the $30K is acting as resistance in the short-term.

The explanation seems very bullish to me, especially for the next few months. We are already in late April today and of course the green candle still seems to be fueling optimism about a break of $30k resistance or above during May. Of course it takes time, but we have to go through this phase by phase calmly without panic.

Bitcoin has been moving sideways for a few days, but today a price move to test $30k still failed. Tomorrow is May 1st, so I hope to maintain some confidence and optimism about this bullish phase.

[cryptomaniac_xxx]

I also suspect it could take another week or so before breaking above $32K. If you look back at May/June 2022 price consolidated between around $29K and $32K for around 3 weeks before breaking down. After initially entering this range again a few weeks ago price was rejected after around 10 days, and now we've only just re-entered it, so it could take another 10 days or so consolidating in this range before further upside.

The positive is that consolidating in this range at the highs remains bullish, in the same way price consolidating in this range at the lows in 2022 was bearish. The consolidation also gives time for the Weekly moving averages to catch up with price, such as the 20 & 50 Week MA that are considerably lower around $23.5K and $22.1K. I don't think many investors have an issue with buying Bitcoin at a 50% discount, but they'd likely feel a lot more comfortable with price not being over-extended from certain moving averages and maintaining higher levels, given the $30K is acting as resistance in the short-term.

The explanation seems very bullish to me, especially for the next few months. We are already in late April today and of course the green candle still seems to be fueling optimism about a break of $30k resistance or above during May. Of course it takes time, but we have to go through this phase by phase calmly without panic.

Bitcoin has been moving sideways for a few days, but today a price move to test $30k still failed. Tomorrow is May 1st, so I hope to maintain some confidence and optimism about this bullish phase.

That's also the case during March, before firing to $31k, the price seems to be on the sideways pattern for the past 10 days before that break out run. It's already the start of May at least in my timezone and it seem the price didn't move a bit this weekends, still at $29,xxx. So for May, maybe we will see the same pattern again, sideways, and as others might have say, boring pattern.

And until we have a breakout run to the upside, then we will have to wait what this month can offer. I'm still very bullish though and we might not see the price going on a long and deep correction. Everything points for us that we might break $30k-$31k level and then sustain it this month.

[dragonvslinux]

Am locking this thread now that April is over, so nothing left to discuss here. For reference sake, April ended at +2.67% - so April was not a red month, even if not that bullish either.

Notably most popular vote in the poll was that that April would end in the red (45%), when at the time price was down a few %. As per usual, the majority are usually wrong