United

Bitcoin

April

Captain

Rise

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-price-analysis-btc-price-to-remain-in-a-tight-range-before-breakout-by-april/" rel="noopener noreferrer nofollow">Bitcoin Price Analysis: BTC Price to Remain in a Tight Range Before Breakout by April</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The past two weeks have been extremely precarious for Bitcoin (BTC), especially following the mixed reactions triggered by the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. While a section of crypto traders were anticipating a sell-the-news scenario, a different faction was expecting a continued rally due to heightened demand.</p>
<p>Nevertheless, Bitcoin price has continued to consolidate in the same range before the approval of spot ETFs, thus increasing the speculation on the next move. As a result, the altcoin industry has gradually been sliding into a bullish outlook amid heightened speculation of an inevitable altseason.</p>
<h2 class="wp-block-heading" id="h-bitcoin-network-s-on-chain-activity-on-the-rise">Bitcoin Network’s On-chain Activity on the Rise</h2>
<p>The past few weeks have been a bee hive of activities for the Bitcoin network, with crypto whales and short-term holders adjusting their portfolios following last year’s impressive performance. On Wednesday, several whale investors led by Grayscale Investments sent huge amounts of Bitcoins to centralized exchanges in preparation for imminent sales. However, Bitcoin price managed to absorb the noise indicating there are ready buyers with deep liquidity.</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin Price Analysis</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> is Expected to Remain within the 40-48k range for the next Couple of Months. <br><br>These 2 months will be the optimal time for accumulating Bitcoin.. (Last Buying Opportunity before the Bullrun. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;">)<br><br>Keep in Mind, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is projected to Reach 100k this year. <a href="https://t.co/W6bLpovJ0F" rel="noopener noreferrer nofollow">pic.twitter.com/W6bLpovJ0F</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1747844099989032980?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Amid heightened uncertainty on the Bitcoin price action in the near term, a popular crypto analyst alias Captain Faibik has suggested that the next two months will be crucial for the long-term investors preparing for the macro bull run.</p>
<p>Notably, Captain Faibik expects Bitcoin price not to fall below $40k but remain under $48k in the next two months, which is a perfect opportunity for buyers to hop in before another rally kicks off. Furthermore, the crypto analyst is confident Bitcoin price will reach $100k before the end of this year.</p>

Bitcoin Price Analysis: BTC Price to Remain in a Tight Range Before Breakout by April

Table of Contents

CoinPedia News

Other articles published on Jan 18, 2024

Reddit Set for March IPO Launch Following Extended Delays

Economist Foresees $115,000 Bitcoin Peak, Followed By Largest Crash Since 1929

BlackRock Senior Executive Speaks About Bitcoin and Spot ETF

Analyst Downplays Chances of a SHIB ETF, Says Size and Volume Too Low

Bitcoin Faces Strong Selling Pressure Despite Golden Cross Formation

Sei (SEI) Price Prediction 2024, 2025, 2026-2030

Join our free newsletter for daily crypto updates!