Topic: Will April be a red month? (Read 617 times)

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 

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.

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.

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.

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.

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.

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.


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.

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.

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 .

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.

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 .

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.

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!

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.

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.

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.

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.

Also remember that Bitcoin initially was designed to be a payment system by Satoshi, it's just it become an assets so we trade them just like the rest of the assets class in which we have exchange to see how the price is doing or how it's volatility. And with that everyone has it's own wild educated guess because it's either we trade obviously, or invest on it, hoping for a nice profits in the future.


Majority was wrong I would say, we thought that April was going to be a good month, or at least with the levels on how the first 3 months went, prices going up. Although we just had a couple of days before the end of this month, at $29k++ is still very good. It's another roller roaster ride this April for us, going as high as $31k, and then a flash crash to $27k before bouncing back again. So maybe in the remaining days, it could potentially go to $30k.

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.

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.

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].

---

[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.

For me, April ain't a bad month in crypto as the market performing well.
With all the dumps that we see, it was not that worse and the rise is still huge compared to it. But honestly, I wasn't expecting much this month, at least we reach $30k is an indication that the following months will show more great pumps. However, I was looking huge changes in the 3rd and 4th quarters of this year. Perhaps, I was expecting it as the halving is about to commence next year.

Not too sure that this month will be a red month because we know that until now there has not been any news that is negative enough which has a significant impact on crypto price movements. Only news about inflation and rumors of interest rate hikes are still now the scourge that haunts crypto prices.

Hopefully this will last until the end of the month, because to be honest, sideways like this are better than full red.

But it only started like that and the coming weeks remains reddish and yes it is now , while it recovers now to almost 29k , still this is a red market to count from that 30+ value.
but I voted differently as I cannot distinguish which one so yeah will remain not sure.
but once the price arise again to 30k and up? then I will believe that there are the coming bull if this comes to reality.
though the votes are up to Yes , remember that this volatile market keeps changing each time , there is no constant movement for specific date.
though Red or Green? market will stabilize in the soonest time as we are closing to Bull market from halving effect.

the votes seemingly divided into 3 completely, though big votes against 2 but for me this means one thing that
Bitcointalk forum members are not believing with each others views.
and being RED MONTH ? not sure but my votes stands to YES



but what I want to hear is about the next month of May in which there are some says it will be a great month for bitcoin .

There is a lot of sentiment surrounding the price of bitcoin including moving old wallets moving BTC to another wallet instead it will be dumped into the market and it could also cause panic to cause a downturn, but about Apple deleting the bitcoin whitepaper it would not be significantly negative news but still some people when there is FUD there is always concern.

After a sharp decline in the last few hours but I see that the price is a little bit back at $29K at least there is still a green candle that can bitcoin return to $30K before the end is not this bounce this will be quite positive for me considering the situation is now back in its resistance area.
At least if the April closing price is $30k then in early May we will see even more positive movements.

We did really have that recent plunge on Bitcoins price which i do believe that this was the reason.

Bitcoin Plunges 7% in an Hour to Under $28,000 as Arkham Sends Erroneous Mt. Gox Alert
Source: https://decrypt.co/138086/bitcoin-plunges-7-in-an-hour-to-under-28000-as-mt-gox-us-gov-wallets-move

The price hit up under 28k but it did really make out some immediate bounceback. I do have those feelings that the recent 30k hit was just a fake off and it really did.
Good thing i didnt make out some long positions once 29k had been able to touched up.

Giant bounce today and fallback, certainly seems there is enough energy in the BTC price action to fuel a neutral to positive return in this month and any forthcoming months.   Overall we do have obstacles so Im not fully bullish personally on this mixture but this general mood of movement is good action despite volatility all these prices have to be traded and confirmed.  None of this BTC price action should be called a negative prospect this year imo.

Phew, that was fast as well.

But that's okay, a few days ago we were sitting around at $26k and if it's down to $28k then that means that we're still in profit. This is just a pull back that has to happen and people need not to panic because this how bitcoin goes around the usual.

What was that bank that's reported that's in the situation that's about to go for its bankruptcy? Honestly, with such news today I really have no idea what to look at but considers these are normal movements.

^^ I think it has something to do with with some very old wallets starting to move again that might cause panic in the market right now. Or maybe the news of Apple removing the bitcoin whitepaper in all of it's updated version. But we will see next, maybe when everything is clear, we will have our own speculation as what is the factors that causes the massive volatile that we have seen in the last 18 hours or so.

And with that, at least we are back to $28k, but it won't be enough to continue our green candle at the end of the month. But we are still ok if we can go to the support line of $28,500 after retested $27k and it's a bit scary to see that nevertheless a clear bounce back for us to reclaim the big support of $28k. Now, we should look forward and see how May will do.

And yet we are down again? The last price that I saw was $29,500 and I said that we might hit $30k again before the end of the month. But I don't know what happen, the price nose dived again to $28,230 and it seems there's a lot of liquidation going on?

The only news that I read was that there was one bank if I'm not mistaken on the brink or bankruptcy or something and that there was a bank run. A massive withdrawal and hinting that those who withdraw might have put their money on bitcoin to push it higher. And as fast as we go to almost $30k, the price goes down hard in the last hours or so back to $28k again.

You just nailed it!

We're even back more than $28,500 and that's a quick retrace from bitcoin. We're about to get through $30k once again and I have no idea what's happening with it.

Once bitcoin hits back $30k, there will be an impact again from the mass media and they'll all be reporting that bitcoin is back again to $30k. Many seem still to have no idea what's gonna happen by next year.

And by the end of this month, with a few days left. The development of its price currently is optimistic.

By looking at the current market conditions and experiencing price increases by a few percent we are more inclined to assume April is a good month for Bitcoin, during April Bitcoin experienced an increase which may have been slow in the form of a small bull although accompanied by a correction that always accompanies it. anyway looking at the chart the move now we feel it's more to a green april, it's not long past the cross Bitcoin is back up above $30k although there has been a bit of a slight downside correction and it's still working its way up the charts

I am thinking in April Bitcoins will rest and struggle in this 29k price segment only. As the resistance and pulls are very strong, hence despite of the effort Bitcoins aren’t going up. If in the mean time, the demand to acquire the coins increases, then only the price will rise. Else we have to see April in a flat line zone. But we should think this as an opportunity, as we will have the option to buy these rare coins in cheap price. Let’s hear what other people’s opinion on this.

After being stuck at $ 27k, today Bitcoin is trading around $ 29.8k or an increase of 9.1%. Bitcoin's recent upturn towards the April close is expected to continue and the candle works in the green.
Buying pressure continues to increase as the level of trust in banks decreases, customers who withdraw their deposits prefer Bitcoin as a place to store the value of their assets. I expect this condition to be an early sign that it can encourage hopes of a bull run as new investor confidence in Bitcoin grows.

Since the price of BTC is unpredictable, anything can happen in this month of April that will make the price to reduce to show red light for people to begin to buy and hold for the bull season to come before they can visit the market. April remain few days to end before the month of may will appear which will be a best month people will live to remember because the price of BTC will surely reach $50k next month for people to sell and celebrate. Like the way the Market price is moving from the month of January till this month of April, made many people to believed that this year will be better than last year .

This very unexpected movement for a few hours made all terms green 1h 24h and 7 days, maybe many were surprised by the increase because yesterday was still quite calm in the price range of $27,000-$27,500, then midnight past $28,000 and now it's $29,+++, it is very likely that April will close in the $30,000-$35,000 range.
But this hasn't entered the bullish stage in my opinion because before the halving Bitcoin has never made a new ATH, but after the halving it will form a new ATH, but if BTC returns to follow a 4-year cycle otherwise it might be disappointing or even more surprising for the holder.

Lol, you're welcome. It makes sense they change their predictions if price changes, but this is also why trying to predict 3 years into the future for Bitcoin is incredibly difficult, especially ignoring it's cycles.

I imagine it's some sort of algorithmic forecasting method, but one that completely overlooks Bitcoin's 4 year cycles it seems. For example if Bitcoin has been going down for a year, the prediction for the next 3 years are bearish. Likewise if Bitcoin has been going up for a year, the prediction for the next 3 years become bullish. If price has consolidated for a year, then sideways is forecasted for next 3 years. It's therefore completely unreliable, even if potentially somewhat accurate for other markets that don't have similar cycles to Bitcoin.

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As an update for this thread, the Monthly candle has now flipped green again after a strong move above $28.5K. It's starting to look more like a consolidation candle again:

It's difficult to predict. $29k was reached again hours ago and it had been fluctuating wildly afterwards. I really want to see it end strong this month of April so that it can show the investors that it is in full swing to a bull market again. Some prediction I saw was ending at $27k which is a red mark for the month because we started at $28.4k.
But I do love that it's sitting at that price range which means a lot, it's possible this can become our new bottom if it can resist going down to 25-26k. IMO, it's a strong month if it doesn't go low at the said price.

Bitcoin is seen moving up around 4.9% today which is pushing up again at around $28,748, this condition is the best moment for crypto asset investors. The market's positive sentiment was due to the collapse of the banking system, in recent months, traditional banks have been struggling with liquidity problems and bankruptcy.
The level of customer trust is decreasing in the banking system, this condition of course provides significant benefits for crypto assets such as Bitcoin because many investors are putting their trust again in the blockchain system and Cryptocurrency.

Historically, every April has resulted in a negative month for Bitcoin. I thought that maybe this year it would be different, though as the first two weeks progressed I saw that it would probably be the same. It won't be surprising if it closes around the same price that the month started at or slightly lower to continue the trend, and then proceeds to increase in May to June/July. In my opinion it is only a matter of time before the halving run begins, I do hope deep down that the buying opportunity before the halving event prolongs for some more time though.

It does actually , even that we are seeing small greens these days?
yet that is not enough to call this as bull or a growing month because we are seeing red market all our time now.
I'm afraid that even in the coming month of May will still a bad market and maybe in the next couple of months.

When you look at the start of the month, and look at the end of it, I would say that there isn't really a big difference. There wasn't much change in the end if it ends up like this, of course it depends if it will drop more or not as well because if it doesn't drop more then it should be fine. Too many people think that it will not be able to recover from here but I think that it will recover from here as well and end on a good note as well.

However, if the price ends just like this then that means we are going to be fine and there won't be any issues at all. Hopefully that gets better and we will end up with a good result, should be tough to crack but it could happen and I believe there are too many people willing to buy because they think like me.

the market is still red in terms of 7 days percentage but if we will look in daily base? starting today I can see that there are lights of greens



this same thing happened before the price spikes to above 30k .
but of course I am not holding now that it will continue increasing because I'm ready and willing to wait at least till next year or the following one that dates 2025.

With only 4 days left in the month of April, and after the rise to $30,000 and above which was followed by a correction, the price right now is still pretty much breakeven. This is becoming interesting. April opened with the price of Bitcoin at around $28,400. Today, the price is around $28,300. There is not much difference after almost 30 days. Will the green win in the end? Or will the red prevail?

In the last several hours, there was a sudden price increase of about $1,000. If this is a sign of something more, the month would be in green. But if it was just that, a normal and quick price increase, then I think April would end just like how it began. There'd be no big deal red or green.

The fact is that with only a few days to go until the end of April, the price has been practically flat. With some ups and downs, not very volatile for what Bitcoin is, and quite boring. We will have to wait for more movement in the coming months, which will hopefully move upwards. The bad thing is that I fear that, if nothing special happens, May is likely to be a month similar to this one. The good thing is that halving is getting closer and closer, although it is still a year away.

There are still a few days to go before the April close, having hit $30k a few days ago. Bitcoin underwent a slight correction which sent the price down to $27k, today Bitcoin has seen a recovery after experiencing a 3.8% increase to $28k. Regardless of the correction, the Bitcoin market could rally beyond the expected price in the next few months, this rally as a result of the upcoming halving. Market conditions that have improved compared to a few days ago may be that Bitcoin will close April with a green light.

Bitcoin performance in the past year cannot serve as a guide for the future due to the frequently changing dynamics of the crypto market. Investors should always be careful when choosing the time to enter, they need to estimate while waiting for the accumulation phase before the price moves up again.

My vote is not sure, however, April might be a green month despite bitcoin having witnessed a dump from April 19 to April 21. The dump did not cause a big correction because much of the pump since November was caused by spot market buying. Everyone should consider that this is different from a pump caused by trading on leverage in the derivatives market which causes more volatility if dumped because of liquidity cascades.

And just when we thought that we are going to be trading sideways till the end of the month at around $27,500, the price suddenly burst off the gate again, pushing as high as $28,500 or the price where we are when we had a run to $30,000-$31,000.

I haven't check the news yet, but I have suspected that some good news might be off in the last 24 hours to have this kind of spike in less than 24 hours. Yeah, there is a slim chance that if this sort of mini bull run will continue at the end of the month then maybe we can see the a green candle after all, and then the pattern continues.

Well if you may get me correctly, I answered based on op question. He asked if month of April will end with red that was why I responded to him that way, now look closely do you think this month will be badly for bitcoin??
Having it in mind that few months is bitcoin halving and people tends to buy and hold due to that occurrence which might like sets a new ATH and you expect the market to end with red in the month of April?
So my prediction was from 25th April to 1 May (7 days interval) it will be all Green possibly we might just see a little resistance from May 2 to May 10th thereabouts. So tell me what's wrong with my predictions sir?

Bitcoin continues to be a volatile asset. When you anticipate that the price would remain between $26k and $27 till the end of the month, it suddenly increases in price within hours.

Bitcoin candlelight is ticking right now and is currently trading above $28k+. Within the few days left till the end of April, it has the best chance of getting back the $30k price(It seems very possible) before the end of the month.

Things can change so quickly that even bitcoin's high volatility can turn trends green within a day. April is stated to be the month that made the price correct, but I'm not sure we can get a green candle on the monthly TF. $31k has been high resistance in the range for the rest of April, so I think that 1 red candle will last at least until the end of this April.

I think bitcoin price has started to rally through $28k in the last 8 hours, which is a nice boost to hopes of a bullish May to July. However, still consider short-term risks if you want to profit for that time period. But if you are focused on the long term, then hold your bitcoin for at least 15 - 18 months after the 2024 halving.

Ohh I see, so they eventually change their forecast per month maybe.
I have been following this site for how many years when predicting the market but only for a reference not seriously believing in them.

This was what I also noticed, every time I open it and seek the answer to my prediction it changed.
Anyway, thanks for the clarifications.

I do not understand the logic that bitcoin BTC price will have buying pressure on 30 April and 1 May near the bitcoin halving. There is still a lot of months before the bitcoin halving will take place and i do not think the coming 30 April will be any significant to have all the halving hype.

Now coming to the Bitcoin price in the month of April, we have already seen that Bitcoin price is dumping for the last few days. I am not bearish on it but the correction was due on bitcoinBTC as it was on a continuous uptrend. As long as bitcoin makes a higher low, i will be bullish on bitcoin (the exact price to be above 25200$ for HL)

It hasn’t been a good month so far for bitcoin but it’s nothing to worry about. We still have time to turn tge monthly green but even if it is a red candle it has no significance. We are in a tight range with no decision made either way as to if we will break up or down.

Proceed with caution, no leverage trading, DCA only.

It is better that people reduce the expectations they had out of the price of bitcoin during this month, I remember seeing that there were some people already predicting that we could reach a price of 40k, and the current correction is telling us loud and clear that bitcoin is not ready to reach those levels, so those that were thinking like this need to adjust those predictions or they may end up losing some money if they are not careful.

April is a correction month for Bitcoin and of course altcoins will also follow it,
but don't worry a reasonable correction for Bitcoin can continue its journey to $ 50k again,
I believe May to July will be green months for Bitcoin crypto currency and of course altcoins.

If we go by that chart, it's very easy to conclude that April will end in positive and higher than what we had in March which ended in a bullish move. The Doji witnessed in February that couldn't turn the momentum to bear the next month (March) is an indication that the upward pull is still strong and hasn't tired out yet. March is convincing enough for a continued bull rally in April. I expect a green candle in April at its close.

Nothing is certain yet, April we passed the major psychological pressure zone at $30k which created a big momentum, it is no longer a modest gain from the $15k time in the market- bear.  It has completely broken out and established a recovery trend, so far at $27k I still think a trend consolidation and consolidation cycle is positive.  I guess we are likely to stick to the $30k target through the end of April.

Yeah, same here. Probably we are going to retest $26k and then we will see if it is going to hold or not. So with that, I will say that April will be red month unfortunately. And if I'm not mistaken, CME Bitcoin future contracts expires every last Friday of the month, so that will be April 28. And usually the price goes down before the contract expirations. And then we might see another sideways, it doesn't mean that it will be bad next month though. So another consolidation phase for all of us, and it's either breakout or breakdown validation next. So overall, this bearish month might be good overall for the long run.

Though we have seen down trend of Bitcoin in this month, there is no major issue behind it. But it is simple that there will be some correction as the market grows rapidly. Moreover, the possibility of Bitcoin being bullish next year. According to that aspects, the price may be slightly go down, but it won't last long. Bitcoin will bounce back again. However, even if some expect the price of Bitcoin to reach $20k, but some experts say that will not be possible at that moment. The market will remain unchanged in April and a good upward trend can be seen from 1 May.

It is looking like we’re in the midst of a consolidation month. Probably a good thing after the run we had. As long as we don’t dip below $25K I don’t think there’s any reason to be concerned. The market is facing some headwinds with the government sales and mtgox distributions. However, once those events are behind us it should be off to the races.

I answered Yes.

My reasoning being that $28,500 which used to be the biggest support last March has obviously been broken. And it's going to be very difficult to reclaim that. So we might see the price trading sideways at $27k up until the end of this month. This will be like in the last week of March, wherein as I have said, $28,500 is the price and even if we go down, it's just minor and we will reclaim and go back to that price. So the same thing is going to happen at $27,500. It will be remain at this price until we will have a big news that will push the price in May.

With just around 5 days remaining for the month of april to end, I don't think we will be able to close the candle in green by any huge margin. My best bet would be the candle might end up somewhere between 26k to 26.5k as I don't believe the recent correction is finished yet. This would be almost neutral anyways (i.e. no bull no bear). Im quite bullish for the upcoming months though after this wave is done.

While it's true that Bitcoin can go any direction at any moment but it's likely that this month will end in red, this is a correction month and we have been seeing that since the start of the month. Bitcoin drop below $30k means the market doesn't have the demand to keep the price trading above $30k and we'll need some more news but at the moment we aren't getting anything positive.

The only reason the market pump before which was last month was because the market was oversold and was due for some pump. Bitcoin has been finding it difficult to retest $30k and I don't think we can do that before the month ends, we're just 5 days away and things aren't looking that positive.

I assume this is sarcastic? Have never seen that website before, is the data available to see the historic accuracy of these predictions? I only see forecasts, not past performance. It otherwise looks like very bearish predictions with a general range between roughly $15K and $30K until 2026, including new lows in 2024 and a high of $44K by 2026? Seems unlikely to me personally. Either way it seems the forecasts are based on very recent data, like 1 year, rather than a decade worth of data that confirms Bitcoin remains in a long-term uptrend, so there's not much reason to be forecasting sideways for the next 4 years...

If I also had to guess, I'd imagine the forecasts at the start of the year was targeting much lower prices in years to come, but now these uber-bearish forecasts have been reduced a bit?*

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Edit: I found archives of that website's predictions from 2017-2019 which were completely wrong  

Then notably by end of 2017 these mildly bullish forecasts changed to ultra-bullish, predicting $45K by end of 2018. The predictions in 2021 weren't much better either

*Was totally right about this statement, the forecast from February this year was for sub $10K

If you look at the price movement from the current market information BTC is still at $27,300 BTC and is struggling back towards the price of $31K, it seems that the market is experiencing some bearish pressure, which is shown by the downward trend in recent months. . Moreover, the lack of bullish momentum above $31K suggests that a significant price increase may be unlikely.

I think, Nonetheless there is a possibility that the market may recover and end April on a green note if it manages to reclaim the $28.5K level within a week. Is it possible but it's a bit difficult let alone predict how far the market will move in both directions, because there are many factors that can affect price movements.

We all aware that the price of Bitcoin doesn't have a benchmark and anything can happen in any months, it's obvious that two things is involve in Bitcoin price monthly or weekly, either the price increase higher or it's Falls, it maybe that we have experience all greenish colours of Bitcoin this year and the little red colour we experience will drastically falling or after this month it may rise above twenty eight thousand (28k) or it continues to fall because of the market demand.

Actually you are on point but the problem is that Bitcoin decrement when it starts it's difficult before it could regained it's ground of increment, because what triggers the increment is demand rate of investors, while when Bitcoin began to fall it's speculation that made it to continue falling, while all our mindset will be on correction. So in summary, their is every tendency that since the red has surface all throughout next month will be red or it changes to be Green, the increment of Bitcoin and falling is not measurable, from my perspective.

I feel like bearish attempts are bit too strong right now so I sold some of my bitcoin away converting into usdt. I suppose end of april will end somewhere between 26k and 27k although next month and june we may see another bull atempts on bitcoin. I feel like this minor bull run ended too quickly. I was expecting to see we hitting at least 35k for bears to start pulling price down. Its sad that I was long and I also lost some profits. I still don't think we will experience massive dump this month, not even next month. Bulls wanna drive price way above 30k.

There is 5 more days of the month, and since its a little red, it'll most likely turn into a red month or a doji. Most likely we will consolidate in this area for another week or so unless there is some important macro news such as bad CPI, bad employment numbers, fed rate hikes ,etc.

However ever since we bottomed, bitcoin traded most days in a very tight consolidation. Very little liquidity and this will most likely continue. And a red month is not bad if its a small correction and not a massive dump.

Why do I always rely on this website when seeking a prediction?  
It seems it is near to accurate results and based on their forecast, this month seems a Bitcoin correction price until the month of May.

Yes, IMO.
I'm convinced that this month will have a long price drop in the market and eventually show red colors on the chart.
But I don't think it will exceed $25k, it will remain in a range of $25k to $27k which I think is the new starting point to recover the price.

Well, that's very possible, but that trend is looking like that of last month, where it almost kissed $30k but still did not, was this month before it saw some green movement to $30,000. Although one week is still too long for it to reclaim $28k or even $29k, I think the candle can still go green before the month ends.

I like how that chart looks. What platform are the pictures taken from? If you don't mind, thanks.

Yes, considering that April is coming to an end in less than a week, it is quite possible to think that the red candle won't turn green in just 5 days. I may not know how much to expect, but the market only looks to be going sideways between $27k to $29k.

I would not expect prices to fall any deeper than they have now for the rest of April. So bitcoin price I might expect to hold above $27k for the rest of April. But then, I would expect the green candle to form again in May, but if it fails then this correction is likely to continue.

What I know in bitcoin price, is that it's rotational, and the movement of the candle sticks determined its increment in the market and the continuations of the market can only be determined through the marketcap of demanding of bitcoin is higher than the supply, sometimes when some people jubilate when the market of cryptocurrency changes from red to green it make investors that doesn't know the strength of the chart to conclude that bitcoin has arrived to bullish market, the price of Bitcoin people has been emphasising that we have gotten to bullish seasons are just a speculation, its obvious that bitcoin can retrace higher or neither fall to twenty thousand (20k) so the strength of bitcoin come from adoption or positive information concerning cryptocurrency, so bitcoin can fall today and rise tomorrow,  the price of Bitcoin is not stagnant or stables, it just fluctuate like spin.

BTC price already increased to around $31k and drop again to around $27k lately. So, I assume there will be a sideways phase in the next few days. I think the price won't go above $30k until the end of this month, it may just go around $27k - $29k. However, it is not impossible to retest to $32k if there is big news about BTC or crypto, but it should be positive news/issues. Since I don't hear any significant issues/rumors on Bitcoin/crypto, I guess we only see the price to move slowly.

I've read about Bitcoin price predictions and speculation aimed at 2023, especially talking about Bitcoin prices mid-year and end of this year, the phenomenon of the Bitcoin decline in the middle of this month, is not dramatic: the decline is meaningless, meaning Bitcoin stays above $ 20k and never drops below $ 20k.

From the data that I have read and speculated that Bitcoin is currently entering its lowest era, there will be no sharper decline for the next few months, but speculation and predictions never produce 100% accurate data, the crypto market can change unexpectedly, anything can happen, but at least we can think logically now to continue Bitcoin.

It is hard to detect how the price will close this month but I am very optimistic towards the candle ending with green in the month of April 30 and  May 1. Reason being that there were always a strong buying pressure whenever its around the bitcoin halving, although there may be an occurrence that would like effects or affect the market either positively or negatively. When i look at the bitcoin history around a year getting to halving it doesn't always ends the same with other years, although i am not good with candlestick predictions.

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.