The post Bitcoin (BTC) Price Prediction for April 16 appeared on BitcoinEthereumNews.com.

Bears have seized the initiative today, according to CoinMarketCap. Top coins by CoinMarketCap BTC/USD The price of Bitcoin (BTC) has declined by 2.24% over the last 24 hours. Image by TradingView On the hourly chart, the rate of BTC is trying to break the local resistance of $84,091. If it happens, the upward move is likely to continue to the $85,000 area soon. Image by TradingView On the bigger time frame, ongoing sideways trading remains the most likely scenario. Such a statement is confirmed by the falling volume, which means none of the sides is ready for a sharp move.  Related In this case, traders have low chances of seeing sharp moves soon. Image by TradingView From the midterm point of view, one should focus on the nearest level of $87,500. Until its breakout happens, a correction remains the most likely scenario.  Bitcoin is trading at $83,832 at press time. Source: https://u.today/bitcoin-btc-price-prediction-for-april-16

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Filed under: News - @ April 16, 2025 8:28 pm