Over the weekend, Bitcoin (BTC) continued to consolidate as investors remained optimistic about further gains. On April 15, BTC/USD was hovering near $30,500, remaining relatively stable compared to less volatile US equities. Investors and analysts considered the options for potential BTC price action, with many predicting continued upward momentum. Some believed that the current long positions in BTC were still not crowded, suggesting room for further growth. However, $30,000 remains an important support level for the cryptocurrency, with $33,000 being a popular near-term target. Meanwhile, the number of BTC addresses in profit hit a 16-month high, with wallet balances holding 100 BTC or more seeing a significant drop.
Bitcoin traders in ‘disbullief’ as analyst predicts $30K BTC retest
