Bitcoin speculation thread for April

[danherbias07]

$66k was the lowest for a month, and it played with that through $74k. It's a healthy movement. As long as the bottom is $65k, I think there's always a chance for growth again. The question is who will invest back to increase the demand.
With all that is happening in the world, from war to oil price increase and economies going down for most nations that are affected by trade, it will be tough to predict who will have the idea to buy. Security is the problem, and there may be investors who are switching to oil. We may need to wait for all of it to calm down before we can see some upward changes again.

[batang_bitcoin]

Bitcoin opened at $68280 in April, do you think the price will keep going up or it would be of a little bearishness. We should use this thread to have some fun speculating what the price of bitcoin could be in April.

I think this month of April isn't crucial yet, there could be some stability that could happen from within. But the more bearishness that we'll see is not from this month IMO. It's more likely to be seen on the next months like from May and June. That's just a guess of mine but since this is just for April, I'm looking forward to see more of its bullishness even if it's a bit. Maybe trying to stay on $70kish for a while until the month ends.

[Muba20]

There has been no significant change in the Bitcoin price in the last few months. The market has been in the same position for a long time. Especially between $65k and $69k. I believe that the Bitcoin market will not show any major change this month. Since people are now restless about the war, I am not expecting any major change in the price. You shared some estimated prices., I can easily say that the market will be between $65k and $75k.  Although some predicted that a big fall may also occur. In the case of Bitcoin, we cannot say for sure, the market does not seem to be very bullish at this time. Temporary uptrends are not much worthy that they will force the market too much.

[allfriends88]

I don't have high expectations for the Bitcoin market this April. Hopefully, it will rise and close the month at $80,000. But if it doesn't and remains stagnant, I won't be too concerned, given the current global situation and the ongoing war between Iran and the US and Israel. However, behind any market fluctuation, there's always a benefit, as this is a good time to accumulate. This is what we should be doing now.

[Renampun]

The condition of Bitcoin this April will most likely not be much different compared to last month, it will remain between $60,000 and $75,000, there is nothing that is really able to push the price movement significantly beyond that price range, even if there is, it might just be a short-term fluctuation that won't last long and will return to the normal range. this is especially true considering that the Iran-US war situation is not improving and that might have a direct impact on market sentiment.

[SamReomo]

Bitcoin opened at $68280 in April, do you think the price will keep going up or it would be of a little bearishness.

I don't know why but I think the month of April will be bearish and there's chance that we might see Bitcoin dipping below $60k during this month. At the time of writing this post Bitcoin is still in $66k range and it might stay in $65k to $69k range for some time but if things go worse then we might see it going back to $60k or dipping below it. However, let's see what the upcoming days will show us.

[bubilas]

I thought March would close with a red candle  which will be th sixth month candle but today was later bullish and it ended with a green candle.i think this is very good.

I just make the April poll easy, let us see if most people will get it right.

Bitcoin opened at $68280 in April, do you think the price will keep going up or it would be of a little bearishness. We should use this thread to have some fun speculating what the price of bitcoin could be in April.

The March price of Bitcoin unexpectedly closed at +1.81%, breaking a streak of five red months
Based on data from analysts who track the relationship between the Fair Price of Bitcoin and its actual value, Bitcoin spent about 5.5% of its existence in a state of deep undervaluation, 75% in a state of fair value, and 1% in a state of risk.
The bottom line is that the Z-score shows -3.3o
Currently, the Z-score is -1.48o
Maximum +2.9o
We have already written same topics  about this type of indicator, "Z-score", it shows a long-term trend, and not a quick hike to one side.
In general, our situation "You are here" now hints at future growth. Namely, that now is a zone of profitable offers.

[Charles-Tim]

I don't know why but I think the month of April will be bearish and there's chance that we might see Bitcoin dipping below $60k during this month. At the time of writing this post Bitcoin is still in $66k range and it might stay in $65k to $69k range for some time but if things go worse then we might see it going back to $60k or dipping below it. However, let's see what the upcoming days will show us.

The $60000 support will be very strong, I do not think that will be possible. This is just a prediction, so either you are wrong or I am wrong, but it is all fun as we post about it. What I think is that the price of bitcoin may not go below $70000 this month of April is my own take but I can be wrong. I do not think bitcoin is also going up to $75000. We can see a huge resistance at that price last month.

[alani123]

Trump said the war is ending in Iran and markets recovered a bit.

I'm not sure if he just said this as a favour to stock investors because a few days ago he was talking about prolonged boots on the ground deployment lol.

In any case, bitcoin doesn't seem to have recovered and really there's even a bit of leeway on what this all could mean for BTC.
In any case oil producing capacity is down and will be down for at least months even if the war ends tomorrow. But also if the straits open the gulf countries which are major producers will be able to export again.

So if energy prices fall again there will be more selling pressure from miners. Probably this is priced in with BTC though because instead of recovering along with stock markets it went slightly down.

[Jewan420]

As a Bitcoin user, my expectations for Bitcoin are always positive. We have been in a bear market for a long time, we have had enough time to buy the dip. Now it is time to pump the price, our eyes are now eagerly waiting to see the green candle.

It may not be easy to see Bitcoin positively during a war, but if the ceasefire is declared, we may see Bitcoin bullish. My prediction for April is $80k+. However, if we go deeper, we will not be surprised, it is impossible to say anything in the current economic instability. But we can hope.

[Oshosondy]

It may not be easy to see Bitcoin positively during a war, but if the ceasefire is declared, we may see Bitcoin bullish.

Do not believe that the war is affecting bitcoin, that is not really true. We have seen how bitcoin has shown that it is not true. If the war is declared by Trump to end, the price of bitcoin might increase, but do not believe the bear market is over because the increase will only be for a short period of time. See the war in Ukraine with Russia, bitcoin later increased significantly.

[philipma1957]

i picked 75k plus

[arwin100]

It may not be easy to see Bitcoin positively during a war, but if the ceasefire is declared, we may see Bitcoin bullish.

Do not believe that the war is affecting bitcoin, that is not really true. We have seen how bitcoin has shown that it is not true. If the war is declared by Trump to end, the price of bitcoin might increase, but do not believe the bear market is over because the increase will only be for a short period of time. See the war in Ukraine with Russia, bitcoin later increased significantly.

Bitcoin does not move when there's a political disturbances and wars and this is what important situation need to look after. The real situation can affect Bitcoin is the current market trend, regulation, sentiments of investors and inflation.

In times of Ukraine and Russian War we saw Bitcoin temporary pump, but  those situation only exist for short while, since the bearish market pressure is much stronger at that time.

So if the war is over maybe Bitcoin will recover a little bit, but it really does not mean that bearish trend is already over. This only show how sensitive the market for reacting on the news.

[Danica22]

It may not be easy to see Bitcoin positively during a war, but if the ceasefire is declared, we may see Bitcoin bullish.

Do not believe that the war is affecting bitcoin, that is not really true. We have seen how bitcoin has shown that it is not true. If the war is declared by Trump to end, the price of bitcoin might increase, but do not believe the bear market is over because the increase will only be for a short period of time. See the war in Ukraine with Russia, bitcoin later increased significantly.

But it would not be entirely correct if you think Bitcoin is immune to all the impacts of war. War is affecting the entire economy, and bitcoin is just one part of it. However, whether that impact is positive or negative, and to what extent, will depend on investor sentiment.

Furthermore, Bitcoin is influenced and governed by many other factors, not just war or geopolitical instability. Therefore, it would not be difficult to understand if the war continues but Bitcoin rise.

[Text]

for me Bitcoin isn’t directly controlled by wars but global events still affect market sentiment when there’s uncertainty some investors move to safer assets while others see Bitcoin as an alternative hedge that’s why reactions can be mixed sometimes it dips first then recovers strongly after. I’m leaning towards Bitcoin staying between $65,000 & $75,000, the price already opened strong but it might consolidate first before making any big move still if momentum continues & buyers stay active, breaking above $75K isn’t impossible but I wouldn’t expect a smooth rally w/o some pullbacks along the way.

[Leahized]

Here is my prediction for this month of April, the market may not go below $62,000 while the resistance we going to maintain $75,000 yeah for wishes and expect something more or less within this range, because we are still in the bear market season, going through how the month of March ended, we should be more considerate about the market volatility in this same manner and not to expect something much in serving as a difference for this month of April, as to what we had last month.

The difference in your forecast is 13k. I don't think it is very difficult to change in case of Bitcoin. Yes it just didn't see much change in March even in the bear market. But within 24 hours Bitcoin is making green candle. I think this bearish market is gaining a lot of strength and will gradually move to the upside. So I don't think it's going to be like March now in April. If Bitcoin is down, So the main reason is economic issue.

[Charles-Tim]

So I don't think it's going to be like March now in April. If Bitcoin is down, So the main reason is economic issue.

Economy issues like what will have negative effect on bitcoin price? Are there economic issues that had made bitcoin to fall in the past? Yes, there could be but did you know that bitcoin always responds fast by going back up? All I noticed about bitcoin is that such economy issue will make it be like it is falling during bull run but in few hours or one or two days, you will see it at a higher price. I do not see any coming economy issue that will fall the price of bitcoin for now. It if it happens, it is just because we are in bear market.

[Richbased]

I voted that the price of bitcoin will be within $65k to $75k. April is likely to be green since the month of March ended with a green candle and the last time the price of bitcoin went 6 months red candle, it became green in the 7th month and considering the fact that the war in the Middle East is cooling off gradually, we may see a bullish rally in this month of April. The month is still new so we shouldn't use because of the little drop in the price of bitcoin and think that it will continue that way till the end of the month.

[Die_empty]

Economy issues like what will have negative effect on bitcoin price? Are there economic issues that had made bitcoin to fall in the past? Yes, there could be but did you know that bitcoin always responds fast by going back up? All I noticed about bitcoin is that such economy issue will make it be like it is falling during bull run but in few hours or one or two days, you will see it at a higher price. I do not see any coming economy issue that will fall the price of bitcoin for now. It if it happens, it is just because we are in bear market.

Trade wars, wars, and others usually have an effect on global economies. There will always be FUD when there is speculation of military invasion or tariff spat which usually leads to selloff in the crypto market. But Bitcoin always recovers after every dip. The announcement by Trump about expanding the attacks on Iran affected the global stock market negatively. But Bitcoin has experienced a slight drop. Those who dump their coin because of economic issues are making a mistake.

[whiteblue]

I may be different, I see that bitcoin will be around $60k-$75k lower by choice because I see bitcoin today is still in the range that is in the OP too thin while war escalation is still possible, this is because Trump always makes things quite reckless and we will not know the impact on the escalation of wars that occur in the middle east,
 when Iran's allies are triggered, it may happen on a large scale and will cause paralysis in terms of energy later which will have an impact on the economy and then will paralyze many countries and this situation is a nightmare that I think after the war between Iran and the US lasted more than a month.