April Estimates For The Price Of Bitcoin Have Become Clear! Here Are The Giant Levels

Recently, Bitcoin has barely kept its price above critical support levels. After a period of sideways movement, Bitcoin price could soon make a big upward move, according to analysts. 

Here are the predictions .. April bets for bitcoin price: $ 80k and $ 120,000! Glassnode co-founders Yann Allemann and Jan Happel shared data that pointed to a massive rally in the BTC price. This is because the $ 6 billion expiry date on options contracts expired this Friday.

Allemann and Happel said: 

THE EXPECTATIONS FOR THE BITCOIN PRICE FOR APRIL ARE HIGH, MANY INVESTORS ARE PUTING THE NEW BETS AT 80 THOUSAND DOLLARS. 

Source: Glassnode As seen in the above image, most of the investors and traders on Deribit's platform are sure that the price of the crypto currency will be around 80 thousand dollars in April. Similarly, there are high-volume bets of $ 120,000 on behalf of the Bitcoin price for April 30.

Will Elon Musk trigger a new rally in Bitcoin? Glassnode stated in a recent report that BTC has significant support for making a big splash: 

THE CURRENT RISK / REWARD RATIO FOR INVESTMENT AND HODL IS STILL ATTRACTIVE COMPARED TO THE HIGHLIGHTS OF THE PREVIOUS BTC ERA.

CURRENT LEVEL: 0.008, VALUABLE UPPER:> 0.02 $ 400,000 Bitcoin Forecast by Bloomberg Analyst: "2021 Milestone" Earlier, Tesla CEO Elon Musk announced that his company has begun accepting payments in BTC. 

The entrepreneur made two other big statements: The company runs its own Bitcoin nodes and profits will be held in Bitcoin. Elon Musk said the following on the subject: 

TESLA ONLY USES INTERNAL AND OPEN SOURCE SOFTWARE AND RUNNING BITCOIN NODES DIRECTLY. THE BITCOIN PAID TO TESLA WILL BE STORED AS BITCOIN WITHOUT CONVERTING IT INTO A FINANCIAL CURRENCY.