bitcoin (BTC) price briefly climbed above $29,000 on March 30. The leading cryptocurrency continued its effort to reclaim the $30,000 psychological level.
The largest cryptocurrency has risen more than 20% since March 1, when it traded just over $23,000. Given the bullish month for BTC, investors are keeping their eyes on the near-term price for the end of April, hoping the asset can experience similar growth.
As we reported on Koinfinans.com, artificial intelligence technology predicts that BTC will trade over $30,000 by the end of next month. The forecast sets the price of Bitcoin at $30,697 on April 30, 2023, according to the latest information accessed on March 30.
The projection is based on indicators such as the relative strength index (RSI), moving averages (MA), moving average convergence divergence (MACD), Bollinger Bands (BB) and others. It represents a 6.8% increase from the price of Bitcoin at the time of publication.
Currently, Bitcoin’s current price points to a 0.47% increase on the day and a more substantial 3.54% increase over the previous week, with a total market cap of $553 billion.
Meanwhile, finance and crypto- Sentiment on 1-day indicators on monitoring website TradingView is bullish. The summary recommends a ‘strong buy’ at 12. The oscillators show moving averages in the ‘bought’ range at three and a ‘strong buy’ range at 14.
Despite the rise in the charts, InTheMoneyStocks.com Chief Market Strategist Gareth Soloway believes the leading cryptocurrency digital asset will fall to levels not seen since November 2020.
Soloway stated that as the financial system becomes more stable, the value of Bitcoin will fall, potentially falling to as low as $9,000 in 2023. He predicts that BTC will initially decline due to the ongoing banking crisis and potential stock market sell-offs. But it assumes it will recover later and continue on its long-term growth trajectory.