Bitcoin traders in 'disbullief' as analyst predicts $30K BTC retest
Bitcoin (BTC) consolidated into the weekend as market participants stayed optimistic about further gains.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $30,500 on April 15.
The pair had finished the Wall Street trading week on a less volatile note along with fairly flat United States equities.
With the ten-month highs of $31,035 remaining in force, traders and analysts considered the options for how BTC price action could play out next.
“We're going higher. Much higher,” Credible Crypto summarized, retweeting a chart of BTC/USD and funding rates from popular technical analyst Murfski.
Murfski had described being long BTC in 2023 as “incredibly cheap” thanks to year-to-date gains of over 70%.
“Being long still doesn't feel like a crowded trade yet…,” he added.
As Cointelegraph reported, $33,000 was a popular near-term target toward the end of the week. To the downside, however, $30,000 was now the all-important support level.
$BTC + $ETH Nice ranges here to play$30K + $2K key prices to hold for higher imo pic.twitter.com/dSvzUgP421
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“Expecting a sweep at $29.6K as likely, before we'll continue the uptrend,” Michaël van de Poppe, founder and CEO of trading firm Eight, predicted in part of analysis on the day.
Trader and analyst Rekt Capital was also convinced about upside continuation as the ultimate result, calling Bitcoin “well positioned” on daily timeframes.
The trip above $30,000 meanwhile sparked some "unsurprising" shifts in wallet dynamics.
Related: Latest Bitcoin price data suggests double top above $200K in 2025
The number of BTC addresses in profit hit 16-month highs on April 14, according to
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