Here’s why the price of Bitcoin will rise very soon, BTC Traders are expecting a price above $45,000 this April 11th!

After facing a free fall for a few weeks, it looks like Bitcoin is on the rise again. The bulls bounced as BTC traded above the $43,500 level. Since the decline from the $48,000 level, the price of BTC has been hovering between $43,000 and $45,000.

On April 5, Bitcoin reached over $47,000, but the Bears were quick enough to take over the market because the next day, Bitcoin saw a drop to $45,000. On April 7, the situation got even worse as the flagship crypto bottomed out at $42,800.

However, at press time the price of BTC has regained the $43,500 level by trading at $43,575 with an increase of 0.29% in the last 24 hours. With the mid-season event scheduled for April 11, traders expect Bitcoin to break above $44,000 and reach the $45,000 level. Conversely, if bitcoin fails to form bullish momentum, we could see bitcoin below the $42,000 level.

Bitcoin bulls run towards $44,000

Santiment, an on-chain analytics platform, took to Twitter to announce that bitcoin price is indicating a bullish divergence while the number of unique tokens on the network shows a bullish signal. At the current market level, data from the NVT token circulation pattern indicates an upcoming bitcoin rally.

Meanwhile, the BTC whale transaction reached over $100k proving that this is the whale’s biggest transaction spike in the past 24 hours; the whales also moved more than 1000 BTC that are worth more than $100,000.

Also, amid bitcoin redistribution, the whales did not stop and continued to move BTC off exchanges. Consequently, the flagship currency surged moving strongly towards $44,000 and the data indicate a positive development of bitcoin in the short term.

What will Bitcoin be worth in 2023? Educated guesses and expert opinion

Several experts in the Bitcoin space are optimistic about future price trends. In October 2021, Jurrien Timmer, Director of Fidelity Investments, gave a Bitcoin price prediction of $100,000 by 2023. The Financial Information Service Bloomberg predicts Bitcoin price of $400,000and megabank JP Morgan, which has developed its own cryptocurrency for its clients, marks Bitcoin at $146,000 on the long term.

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