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Bitcoin (BTC) Price Prediction for April 18

Even though the day has started bearish for most of the coins, buyers are trying to seize the initiative, according to CoinStats.BTC chart by CoinStats

BTCUSD

The price of Bitcoin BTCUSD has increased by 1.05% over the last 24 hours.Image by TradingView

On the hourly chart, the rate of BTC has broken the local resistance level of $63,095. If the daily bar closes above that mark until the end of the day, the growth may continue to $64,000.Image by TradingView

The price of BTC is rising after a false breakout of the support of $60,365. If the candle closes far from this level, traders may expect a local upward move to the $66,000-$68,000 zone.

Such a scenario is relevant until the end of the week.Image by TradingView

From the midterm point of view, the rate of the main crypto has almost touched the $59,313 level. At the moment, the price is far from the support and resistance, which means one should not expect sharp moves soon. All in all, sideways trading between $62,000 and $66,000 is the more likely scenario.

Bitcoin is trading at $63,983 at press time.