Topic: Will April be a red month? - page 2. (Read 524 times)

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!

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.

It was a win-win for swing traders who spot on and caught the trades, 10% crash and then up was something a trader would never want to miss out on. Btc had been showing signs of going down since it was just going high and broke the previous high, as the volume got shattered slowly and it got dumped rapidly. But then it recovered very quickly by crossing over $29500 because of people's lack of trust in banks now. Though, it seems there is a chance for btc to get to $25k again before continuing the bull phase as the retracement awaits there.

It's about finding out the market sentiment, or at least more so the hodler sentiment based on the type of users who engage in these polls/threads.


Fortunately not! Otherwise it'd be difficult to gather market sentiment if the answer was already known wouldn't it?


Maybe you've stumbled across the wrong board on the forum: it's called Speculation. It's for speculating about the price of Bitcoin, that's why these sorts of threads are created.

Not everyone believes the chance that Bitcoin goes or down in 50/50, basically a coin flip, at every given price and time-frame. Otherwise it'd be very strange that for the past 13 years price has been in an uptrend with only 3 years to the downside and 10 to the upside. Have you ever wondered by Bitcoin isn't still worth 5 cents? Seems crazy to me if the chance of it going up in price is 50/50. Should be worth $0.05 still.


This isn't about whether to hold if you think price is increasing, or sell if you think it will decline, in fact this is terrible advise imo and itsn't as simple as you put it. The thread is based on the last 7 days of trading in April. If you thought the price is going to go down further for the next 7 days from $27.3K (when the topic was created), then that would so far not have been very smart would it.

These short-term outlooks should never been based on buying/selling, only trading with a small % at best. Price remains 50% down from ATH, so while some may be taking profits around $30K if price is to decline then many will be looking to buy more coins, not sell them. The time for selling isn't necessarily when you think price will fall lower, that's instead the usual trap many make in the context of capitulating.

Still very confident $30K will be the closing price for April.
After experiencing a 10% increase, the chart is no longer holding on to the $31K price level and looks to be returning to that weak point.
Returning to the analysis discussion will probably end with the April closing price which is two days later.
For me this is a test situation for May and I believe $30K is the final price in this month.

Yes I spotted that out. I think this re-test happened two days ago after price dropped from $30,000 and coming down gradually to $28,000 and bouncing off  $27,178 to retry the $30,000 area. This is definitely a trying time for price in looking for a ground for a trend flow. I think the month of April has fulfilled its plan , hopefully another trend should show up in May for trend spotters to ride.

Once again we are reaching towards 30k levels, it is not really too far of, it was 29k+ last I checked. I have to say it is getting to eb a good month, just because we had a small fall doesn't mean that we would have stayed there. The weirdest thing about that period though is that 28k had a huge support line, so I assumed if we cracked under that level, we would have a lower price but then that did not happen, so I assume that it is not going to end up with anything better for a while and yet that failed too.

I guess it will become something that will be super hard, and I suppose that it is going to end up with a much better result, unexpected but definitely makes me happy. When you assume it will go even lower, but it doesn't that would be bad if you are waiting to buy more, but I wasn't, I already bought so I am happy.

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.

The price may change from previous predictions, but the closest I've seen is above $30k to the nearest point before it passes the current price, although right now bitcoin price is still stuck around $29k. As for the correction phase, it is unlikely that it will go beyond $25k to close this month and in the middle of next month as the market sentiment is not too negative either.

However anything could still happen due to price fluctuations and my analysis for the month ahead seems a bit greener than before and bitcoin should look more positive. Inflation and interest rate hike rumors are one of the proximate reasons and hope this doesn't affect bitcoin too much in the months ahead.

Now there are only a few days left until May and I'm still optimistic that bitcoin will deliver positive results in the month ahead, but I don't know exactly at what price range and hope it doesn't affect sentiment. Price speculation is still quite erratic and it's hard to predict how long it will last, the closest price could possibly touch $31k-$35k, if there is no sentiment affecting bitcoin and let's see how bitcoin travels in the next month.

Given on the chart, it looks like April is a green month. Plotting the price on March 31 up to date, we can see the price of Bitcoin increase.

March 31, 2023 $27,583
April 28, 2023   $29,651

So we can say that April is not a red month but rather a green month.  There is also a possibility that the price of BTC will breach 30k again before the month ends due to the possitive effect on the sentiment of theses news about bank failure that is discussed in this thread[1].

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[1]First Republic Bank fall: fear of more others to follow

Well, at least the drop isn't really a worse situation and this seems normal in the market. And I would take this drop not enough to make the market in red again and of course, not worthy to worry as we believe that it rises again. Might this month of April end up at $27k - $30k, I was then thinking that the next month is possibly high. The market can't move fast due to changing behavior of the holders and we can really feel the huge impact of these panic sellers on the price trend. That is why if we had a pump today, dumps can be possibly seen tomorrow or in the next few days.

on the binance exchange BTC reached a price of $31k for the month of april on the 14th of april to be exact. I see not too much price change for this month but this is a pretty good thing after btc was able to break the $31k mark so there are 4 more days left in this month in the closing poll that will be done by the op.

From my personal analysis, the market situation at the close of this month will be better than the previous month and the market capitalization has increased strongly this month. for today btc is trading at a price of $29k for now on the binance exchange I think this is a pretty positive pace to get back past $ 31k before the close of this month.

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.

Arguably the volatility and quick pull-back to $28K yesterday wasn't bad price movement as helped to re-confirm $28K as support, after it had been support for over a month and briefly became resistance. It also helped to show that despite the bearish selling pressure with reasonable volume short-term, the bulls remain firmly in control, even attempting to reclaim $29K as I type.

My only slight concern is if there is more bearish selling pressure to break $27K lows, but after yesterday's green doji candle it does look like to further neutral/positive is very likely. If anything yesterday's doji candle is reflective of the relatively neutral Monthly candle, as it more of less covered last months trading range with reasonably high volume.

It was also the third consecutive day that the 50 Day MA has acted as support for price, signalling that the currently uptrend on Daily time-frame remains firmly in tact for now.

If a correction in the Bitcoin price can still occur between $30k-$27k, that means that the Bitcoin price may also fall to $25K. Although lately it seems that such a low price is unlikely to occur, but that does not mean that it is unlikely to happen this month. Because Bitcoin holders are still often affected by unfavorable news about Bitcoin, so of course this can still greatly affect the price of Bitcoin in the market.

The middle of the month is over and now there are only three more days left for April before heading into the next month. And for the price as you mentioned, I think it's also quite logical to happen that in the next few days there will be a more significant increase in Bitcoin. Even though it is still very difficult to determine what percentage of the price increase will occur in Bitcoin in the next three days, in fact I am also expecting a bigger price increase in Bitcoin this month.

For the past few days the red and green have been alternating with each other, but haven't surpassed the previous highs last month, so the shade price seems to be holding around $27k-$30k going forward.

Red and green are still influencing bitcoin's journey this month, but today bitcoin is returning to a more subdued line of green. I still don't have a reference for how much the price will cut towards the red or green lines, but actually I see the $30k-$27k figure is still possible and will never go down to $25k.

Still waiting until the middle of this month and it's not clear what price will be yet, but it's very possible $32k will be jumped for this month or next month. To detect the exact price seems difficult because there are some sentiments that might influence going forward, but who knows it will jump over $32k and I'm not really sure about that number for this month to be honest.

The price of bitcoin touches the value of 30k$ during April and it also reduces from 30k$ in April but what will happen next to this is unknown. It is now above 28k$ and it can also move up as well as move down but we are not familiar with it because of unpredictable movement of market.

Four days had remaining and in my opinion its too hard to predict exact price after four days because value can fluctuates in a second. From 30k$ it reduced to 27k$ but as we see that now it is 28k$ so it attain increasing worth so there is a great chance of bitcoin to touch the value of 30k$ at the end of April.

Another good news is due to the lack of market confidence in banks, especially First Republic Bank (FRC), which makes Bitcoin with the largest capitalization experience strengthening. After experiencing a small correction that had dropped to the $27k level, Bitcoin has experienced a bounce that has made its price slowly increase again. Bitcoin has taken steps to go up, now its movement has started to improve gradually, hopefully this is a potentially bullish trend for Bitcoin.

Maybe or maybe not, we need to close this monthly candle at precisely 29,000$ or we will start tumbling into the last resistance support of 16,000$, call me mad but this is what I am seeing on my own chart.

It doesn't matter much to me, I am not bothered by the price action of Bitcoin this month ot the next because my plan is all for 2025 or when Bitcoin reach a new all time high, so if 16k makes a return I will gladly take it as another good flash sales that won't last long.

I have been into crypto for far too long, bear market is where the opportunities are made and bull market is where you reap all what you sow.

Inflation and rumors of rising interest rates also have little effect on the crypto space and their prices in the market because after a short correction, Bitcoin and some other cryptocurrencies can still increase in a matter of days so the market is not always in the red. Apart from that, there is some other good news that might still influence the crypto and Bitcoin space to stay at the current price so that sometimes the movement is not sideways, but upwards.

Sideways movement in the price of Bitcoin is indeed better than declining more, because this sideways movement can still keep prices in a better position in the market so that many people will not experience much loss.